Tulsa, Oklahoma Bank Gives SBA Loan to Metalworking Machinery Manufacturing Company

A Tulsa, Oklahoma business loan can be yours. Learn how one firm got a $1,033,850 business loan from this Oklahoma bank.

This loan to a local firm is a good example of an SBA loan. Spiritbank made the loan and the SBA guaranteed a portion of the loan. Many other Oklahoma entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take.

SBA Loan Borrower

COMPANY TYPE: METALWORKING MACHINERY MANUFACTURING
HOLDENVILLE, OK 74848

SBA Loan Lender

SPIRITBANK
4815 S HARVARD
TULSA, OK 74135

This lender issued this loan for a small business under the SBA's 7A loan, in which the SBA provides guaranteed loans to small business owners. This lending program began in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

333518 - Metalworking Machinery Manufacturing

Loan Approval Date

4/23/2007

Loan Approval Gross Amount

$1,033,850

Loan Approval from the SBA

Of the total $1,033,850 loan amount, the SBA guaranteed $775,387.

More Information on This SBA Loan

The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 28 employees. The SBA loan application for the borrower indicated that the loan would help retain 28 existing jobs.

Getting an SBA Loan For Your Business

If you are raising money in Holdenville OK, you ought to talk with a local Holdenville SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Holdenville businesses.

This SBA loan was for $1,033,850. How would you spend $1,033,850 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.

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