Financing for Direct Selling Establishments
With these commercial loans for direct selling establishments, the SBA guarantees the lender that the loan will be repaid. This direct selling establishments loan for $231,000 was given to an Oklahoma entrepreneur in 2007.
This small business received financial assistance through the SBA's lending programs back in 2007. They applied for an SBA loan with Onb Bank And Trust Company, out of Tulsa, Oklahoma. The loan was granted and they received $231,000 to help grow their Tulsa, Oklahoma business.
SBA Loan Borrower
COMPANY TYPE: DIRECT SELLING ESTABLISHMENTS
TULSA, OK 74133
SBA Loan Lender
ONB BANK AND TRUST COMPANY
8908 S YALE AVE, STE 100
TULSA, OK 74137
This lender provides SBA guaranteed bank 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
454390 - Direct Selling Establishments
Loan Approval Date
12/27/2007
Loan Approval Gross Amount
$231,000
Loan Approval from the SBA
Of the total $231,000 loan amount, the SBA guaranteed $173,250.
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 11 employees. The SBA loan documents indicated that the loan would help retain 11 existing jobs.
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Many small businesses receive loans backed by the U.S. Small Business Administration.
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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