Business Loans for Book Stores

Looking for business loans for book stores? Talk to a banker who works with the SBA. This $57,225 book stores loan was issued by an Oklahoma bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Tahlequah, Oklahoma was able to borrow $57,225 from Welch St. Bank - Welch Oklahoma. The SBA made the loan possible by guaranteeing $48,641 of this Oklahoma small business loan.

SBA Loan Borrower

COMPANY TYPE: BOOK STORES
TAHLEQUAH, OK 74464

SBA Loan Lender

WELCH ST. BANK - WELCH OKLAHOMA
396 S COMMERCIAL
WELCH, OK 74369

This commercial loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

451211 - Book Stores

Loan Approval Date

4/25/2007

Loan Approval Gross Amount

$57,225

Loan Approval from the SBA

Of the total $57,225 loan amount, the SBA guaranteed $48,641.

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 4 employees. The SBA loan documents indicated that the loan would help generate 3 new jobs and retain 1 existing job.

Next Steps for Getting an SBA Loan

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Welch St. Bank - Welch Oklahoma that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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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