SBA Loan from Nbanc Helps Fabricated Metal Products Company

An SBA loan from Nbanc typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, an Oklahoma, Oklahoma business owner got a $50,000 loan.

This small firm knew how to go about getting a business bank loan. Based in Oklahoma, Oklahoma, they applied for and received an SBA-guaranteed loan in 2000. The lending bank was Nbanc, based in Tulsa, Oklahoma.

SBA Loan Borrower

COMPANY TYPE: FABRICATED METAL PRODUCTS
OKLAHOMA, OK 73127

SBA Loan Lender

NBANC
7127 S RIVERSIDE DR
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

3499 - Fabricated Metal Products

Loan Approval Date

6/8/2000

Loan Approval Gross Amount

$50,000

Loan Approval from the SBA

Of the total $50,000 loan amount, the SBA guaranteed $40,000.

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 2 employees. The SBA loan application for the borrower did not indicate that the business promised to use the money to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Nbanc are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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:

Debt Financing

SBA Banks in Tulsa, Oklahoma

Getting an SBA Loan in Oklahoma