Tulsa, OK Entrepreneur Gets SBA Loan to Buy Golf U.S.A. retail Golf Equip. Franchise

Borrowing money to purchase a Golf U.S.A. retail Golf Equip. franchise? American Bank And Trust Co. has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Golf U.S.A. retail Golf Equip. franchise requires some effort but others before you have been successful. In 2001, American Bank And Trust Co. issued an SBA franchise loan to an entrepreneur in Tulsa, Oklahoma. Because Golf U.S.A. retail Golf Equip. was registered with the SBA's registry of franchises, this Oklahoma small business loan was issued on an expedited basis.

SBA Loan Borrower

GOLF USA
TULSA, OK 74136

SBA Loan Lender

AMERICAN BANK AND TRUST CO.
6100 S YALE AVE
TULSA, OK 74136

This was a Low Documentation SBA loan. The SBA launched this program to minimize the paperwork associated with borrowing money. 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

451110 - Sporting Goods Stores

Loan Approval Date

12/28/2001

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Golf U.S.A. retail Golf Equip. franchise. At the time of the loan, the company had 3 employees. This SBA loan request did not indicate that the SBA funding recipient planned to use the loan proceeds to increase staffing levels or retain any existing employees.

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

Many small businesses receive loans backed by the U.S. Small Business Administration.

We can help you find the best banks for small businesses in Tulsa 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:

GOLF USA Inc.

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Small Business Banks in Tulsa, Oklahoma

SBA Participating Banks in Oklahoma