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December 22, 2024 |
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| Home > Small Business Lenders by State > Oklahoma Business Loan Sources > Tulsa, Business Loans > Onb Bank And Trust Company Tulsa Business Loans > Beauty Salons Loan | ||||
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Raising Money in Tulsa, Oklahoma With SBA Loans
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Get an SBA Loan for Beauty SalonsWith these bank loans for beauty salons, the SBA guarantees the lender that the loan will be repaid. This beauty salons loan for $260,000 was given to an Oklahoma entrepreneur in 2006. This company knew how to go about getting a business bank loan. Based in Tulsa, Oklahoma, they applied for and were awarded an SBA-guaranteed loan in 2006. The lending bank was Onb Bank And Trust Company, based in Tulsa, Oklahoma. SBA Loan Borrower COMPANY TYPE: BEAUTY SALONS SBA Loan Lender ONB BANK AND TRUST COMPANY The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide 7A business loans to to entrepreneurs who might have trouble getting a conventional bank loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 812112 - Beauty Salons Loan Approval Date 7/13/2006 Loan Approval Gross Amount $260,000 Loan Approval from the SBA Of the total $260,000 loan amount, the SBA guaranteed $195,000. 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 7 employees. The loan application did not indicate that the company promised to use the funding to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business If you are working on finding money to start a business in Tulsa OK, you ought to talk with a local Tulsa SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Tulsa businesses. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Onb Bank And Trust Company had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Onb Bank And Trust Company made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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: Accountant's Role in Securing Financing SBA 7A Lenders in Tulsa, Oklahoma
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