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January 5, 2025 |
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| Home > Small Business Lenders by State > Oklahoma Business Loan Sources > Oklahoma City, Business Loans > Bancfirst Oklahoma City Business Loans > Tile, Marble, Terrazzo, And Mosaic Contractors Loan | ||||
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How to Get SBA Loans in Oklahoma City, Oklahoma
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Where to Get Capital for Tile, Marble, Terrazzo, and Mosaic ContractorsLooking for small business loans for tile, marble, terrazzo, and mosaic contractors? Talk to a banker who works with the SBA. This $140,000 tile, marble, terrazzo, and mosaic contractors loan was issued by an Oklahoma bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Oklahoma City, Oklahoma was able to borrow $140,000 from Bancfirst. The SBA made the loan possible by guaranteeing $119,000 of this Oklahoma small business loan. SBA Loan Borrower COMPANY TYPE: TILE, MARBLE, TERRAZZO, AND MOSAIC CONTRACTORS SBA Loan Lender BANCFIRST When this loan was made, the lender participated in the SBA's Certified Lenders Program (CLP). This program was created to give expeditious service on loan applications received from lenders who have a successful SBA lending track record and a thorough understanding of SBA policies and procedures. CLP lenders perform a complete analysis of the application and, in return, SBA promises a fast loan decision. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 235430 - Tile, Marble, Terrazzo, and Mosaic Contractors Loan Approval Date 10/7/2002 Loan Approval Gross Amount $140,000 Loan Approval from the SBA Of the total $140,000 loan amount, the SBA guaranteed $119,000. 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 8 employees. The loan application did not indicate that the business planned to use the money to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! 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: Raising VC Money for Social Networking Companies Find an SBA Lender in Oklahoma City, Oklahoma SBA Participating Banks in Oklahoma
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