Entrepreneur Works With Owasso, Oklahoma Bank to Get an SBA Loan

Thinking about meeting with an Owasso, Oklahoma bank about an SBA loan? Here's one Oklahoma business loan, issued by an Owasso bank, that was approved by the SBA.

Applying for an SBA loan with First Bank Of Owasso worked out well for our friends at one local company in Broken Arrow, Oklahoma. They received an SBA loan for $60,000. Sweet!

SBA Loan Borrower

COMPANY TYPE: ELECTRONIC CONNECTOR MANUFACTURING
BROKEN ARROW, OK 74012

SBA Loan Lender

FIRST BANK OF OWASSO
102 W 2ND AVE
OWASSO, OK 74055

This lender processed this loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

334417 - Electronic Connector Manufacturing

Loan Approval Date

8/24/2007

Loan Approval Gross Amount

$60,000

Loan Approval from the SBA

Of the total $60,000 loan amount, the SBA guaranteed $30,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 12 employees. This SBA loan request indicated that the loan would help retain 12 existing jobs.

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

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

We can help you find the best banks for small businesses in Broken Arrow or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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.

Related Links:

Strategic Investors

Where to Get an SBA Loan in Owasso, Oklahoma

SBA Participating Banks in Oklahoma