Tulsa National Bank SBA Loan to Refrigeration And Air-Conditioning Service Company
Looking to get an Oklahoma SBA loan? Here's one Oklahoma business loan that was approved by the SBA.
This local small business knew how to go about getting a business bank loan. Based in Collinsville, Oklahoma, they applied for and were given an SBA-guaranteed loan in 2000. The lending bank was Tulsa National Bank, based in Tulsa, Oklahoma.
SBA Loan Borrower
COMPANY TYPE: REFRIGERATION AND AIR-CONDITIONING SERVICE
COLLINSVILLE, OK 74021
SBA Loan Lender
TULSA NATIONAL BANK
7120 S LEWIS AVE
TULSA, OK 74136
This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
7623 - Refrigeration and Air-Conditioning Service
Loan Approval Date
7/20/2000
Loan Approval Gross Amount
$35,000
Loan Approval from the SBA
Of the total $35,000 loan amount, the SBA guaranteed $28,000.
More Information on This SBA Loan
The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company
had 3 employees. The loan application did not indicate that the small business promised to use the money to increase staffing levels or retain any existing employees.
Next Steps for Getting an SBA Loan
SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.
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 this company did when it applied for and received this $35,000 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 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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