Getting an SBA Loan for Roofing Contractors

With these commercial loans for roofing contractors, the SBA guarantees the lender that the loan will be repaid. This roofing contractors loan for $2,000,000 was given to an Oklahoma entrepreneur in 2007.

This business 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 2007. The lending bank was First American Bank, based in Purcell, Oklahoma.

SBA Loan Borrower

COMPANY TYPE: ROOFING CONTRACTORS
BROKEN ARROW, OK 74012

SBA Loan Lender

FIRST AMERICAN BANK
324 W MAIN ST
PURCELL, OK 73080

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

238160 - Roofing Contractors

Loan Approval Date

12/19/2007

Loan Approval Gross Amount

$2,000,000

Loan Approval from the SBA

Of the total $2,000,000 loan amount, the SBA guaranteed $1,500,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. This SBA loan request indicated that the loan would help retain 2 existing jobs.

Next Steps for Getting an SBA Loan

SBA loans provide smart, affordable business financing for small businesses looking to expand.

This SBA loan was for $2,000,000. How would you spend $2,000,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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:

Equity Financing

SBA Participating Banks in Purcell, Oklahoma

Oklahoma SBA 7A Banks