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December 20, 2024 |
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| Home > Small Business Lenders by State > Oklahoma Business Loan Sources > Owasso, Business Loans > First Bank Of Owasso Owasso Business Loans > Watch, Clock, And Part Manufacturing Loan | ||||
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Tips for Business Owners On Getting a Loan
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Watch, Clock, and Part Manufacturing Bank LoansLooking for bank loans for watch, clock, and part manufacturing? An SBA loan may be just what you've been looking for. This $65,000 watch, clock, and part manufacturing loan was issued by an Oklahoma bank. Getting a small business loan in Tulsa, Oklahoma was important for this growing firm back in 2007 and, based on their loan application, they were successful in getting an SBA loan from First Bank Of Owasso, operating out of Owasso, Oklahoma. Here are the details on this Oklahoma small business loan. SBA Loan Borrower COMPANY TYPE: WATCH, CLOCK, AND PART MANUFACTURING SBA Loan Lender FIRST BANK OF OWASSO This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 334518 - Watch, Clock, and Part Manufacturing Loan Approval Date 10/4/2007 Loan Approval Gross Amount $65,000 Loan Approval from the SBA Of the total $65,000 loan amount, the SBA guaranteed $32,500. 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 32 employees. The loan application indicated that the loan would help retain 32 existing jobs. Next Steps for Getting an SBA Loan Every year, the SBA guarantees over $10 billion for loans just like this one. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like First Bank Of Owasso 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. Related Links: SBA 7A Banks for Owasso, Oklahoma Loans
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