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November 21, 2024  
 
 
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Raising Money in Broken Arrow, Oklahoma With SBA Loans

 

 
Loan Census SBA Loan Info

Book Publishers Bank Loans

Looking for bank loans for book publishers? The SBA may be the answer. This $60,000 book publishers loan was issued by an Oklahoma bank.

This small firm knew how to go about getting a business bank loan. Based in Broken Arrow, Oklahoma, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was Bank - Oklahoma, based in Tulsa, Oklahoma.

SBA Loan Borrower

COMPANY TYPE: BOOK PUBLISHERS
BROKEN ARROW, OK 74011

SBA Loan Lender

BANK - OKLAHOMA
ONE WILLIAMS CTR
TULSA, OK 74172

This was a Low Documentation SBA loan. The SBA started this program to reduce the paperwork associated with borrowing money. The low-doc program involves completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Currently, $100,000 is the maximum loan amount.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

511130 - Book Publishers

Loan Approval Date

3/9/2005

Loan Approval Gross Amount

$60,000

Loan Approval from the SBA

Of the total $60,000 loan amount, the SBA guaranteed $51,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 3 employees. This SBA loan request did not indicate that the company promised to use the loan proceeds to add employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Bank - Oklahoma that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

About This SBA Loan Information:

All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ.

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