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November 21, 2024 |
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| Home > Small Business Lenders by State > Oklahoma Business Loan Sources > Tulsa, Business Loans > Onb Bank And Trust Company Tulsa Business Loans > Jewelry Stores Loan | ||||
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Tulsa Bank Loan
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Entrepreneur Works With Tulsa, Oklahoma Bank to Get an SBA LoanWant to talk with a Tulsa, Oklahoma bank about a business loan? Here's one Oklahoma business loan, issued by a Tulsa bank, that was approved by the SBA. Applying for an SBA loan with Onb Bank And Trust Company worked out well for our friends at one local company in Broken Arrow, Oklahoma. They got an SBA loan for $588,000. Awesome! SBA Loan Borrower COMPANY TYPE: JEWELRY STORES SBA Loan Lender ONB BANK AND TRUST COMPANY This lender provides SBA business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 448310 - Jewelry Stores Loan Approval Date 3/9/2001 Loan Approval Gross Amount $588,000 Loan Approval from the SBA Of the total $588,000 loan amount, the SBA guaranteed $441,000. 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 4 employees. This SBA loan request indicated that the loan would help retain 5 existing jobs. Getting an SBA Loan For Your Business Many small businesses receive loans backed by the U.S. Small Business Administration. There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower. Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today! 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:
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