Onb Bank And Trust Company SBA Loan to Fabricated Metal Product Manufacturing Company

An SBA loan from Onb Bank And Trust Company typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, an Owasso, Oklahoma business owner got a $427,000 loan.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Owasso, Oklahoma was able to borrow $427,000 from Onb Bank And Trust Company. The SBA made the loan possible by guaranteeing $320,250 of this Oklahoma small business loan.

SBA Loan Borrower

COMPANY TYPE: FABRICATED METAL PRODUCT MANUFACTURING
OWASSO, OK 74055

SBA Loan Lender

ONB BANK AND TRUST COMPANY
8908 S YALE AVE, STE 100
TULSA, OK 74137

This lender provides SBA guaranteed business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

332999 - Fabricated Metal Product Manufacturing

Loan Approval Date

7/20/2007

Loan Approval Gross Amount

$427,000

Loan Approval from the SBA

Of the total $427,000 loan amount, the SBA guaranteed $320,250.

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 6 employees. The loan application indicated that the loan would help generate 1 new job and retain 7 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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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