Commercial Loans for Sheet Metal Work Manufacturing

With these commercial loans for sheet metal work manufacturing, the SBA guarantees the lender that the loan will be repaid. This sheet metal work manufacturing loan for $821,000 was given to an Oklahoma entrepreneur in 2007.

This small business 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 2007. The lending bank was 1st National Bank & Trust - Broken, based in Broken Arrow, Oklahoma.

SBA Loan Borrower

COMPANY TYPE: SHEET METAL WORK MANUFACTURING
TULSA, OK 74110

SBA Loan Lender

1ST NATIONAL BANK & TRUST - BROKEN
121 S MAIN
BROKEN ARROW, OK 74012

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This bank loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

332322 - Sheet Metal Work Manufacturing

Loan Approval Date

5/16/2007

Loan Approval Gross Amount

$821,000

Loan Approval from the SBA

Of the total $821,000 loan amount, the SBA guaranteed $615,750.

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 13 employees. The loan application indicated that the loan would help generate 5 new jobs and retain 8 existing jobs.

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

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

This SBA loan was for $821,000. How would you spend $821,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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:

Getting a Small Business Loan

SBA 7A Banks in Broken Arrow, Oklahoma

SBA Oklahoma Banks