Entrepreneur Works With Tulsa, Oklahoma Bank to Get an SBA Loan
A Tulsa, Oklahoma SBA loan can be yours. Learn how a company got a $87,000 business loan from this Oklahoma bank.
This loan to an entrepreneur is a good example of an SBA loan. Tulsa National Bank 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: BEER, WINE, AND LIQUOR STORES
SAPULPA, OK 74066
SBA Loan Lender
TULSA NATIONAL BANK
7120 S LEWIS AVE
TULSA, OK 74136
This was a Low Documentation SBA loan. The SBA launched this program to limit the paperwork associated with getting a loan . The low-doc program involves completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
445310 - Beer, Wine, and Liquor Stores
Loan Approval Date
10/31/2001
Loan Approval Gross Amount
$87,000
Loan Approval from the SBA
Of the total $87,000 loan amount, the SBA guaranteed $73,950.
More Information on This SBA Loan
The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company
had 8 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the loan proceeds to increase staffing levels or retain any existing employees.
Start the Process for Getting an SBA Loan Today!
For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.
We can help you find the best banks for small businesses in Sapulpa or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.
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:
The Friends and Family Network
SBA Banks in Tulsa, Oklahoma
SBA Lenders in Oklahoma