Farm Supplies Wholesalers SBA Loans

Looking for SBA loans for farm supplies wholesalers? The SBA may be the answer. This $260,000 farm supplies wholesalers loan was issued by an Oklahoma bank.

Mcelyea Feed Store received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with Spiritbank, out of Tulsa, Oklahoma. The loan was granted and they received $260,000 to help grow their Stroud, Oklahoma business.

SBA Loan Borrower

MCELYEA FEED STORE
RT. 1 BOX 585-1
STROUD, OK 74079

SBA Loan Lender

SPIRITBANK
4815 S HARVARD
TULSA, OK 74135

This SBA loan was issued under the SBA's Certified Lenders Program (CLP), which means that the lender has a successful SBA lending background and a thorough understanding of SBA policies and procedures.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5191 - Farm Supplies

NAICS Code

422910 - Farm Supplies Wholesalers

Loan Approval Date

8/6/2001

Loan Approval Gross Amount

$260,000

Loan Approval from the SBA

Of the total $260,000 loan amount, the SBA guaranteed $195,000.

More Information on This SBA Loan

The borrower, Mcelyea Feed Store, borrowed this money for an existing business. The SBA's record indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 4 employees. This SBA loan request did not indicate that the small business promised to use the loan proceeds to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

Every year, the SBA guarantees over $10 billion for loans just like this one.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like Mcelyea Feed Store did when it applied for and received this $260,000 loan. Remember, where there is a will, there is a way!

About This SBA Loan Information:

All SBA loan data displayed above comes from the government's SBA loan database.

Related Links:

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