Entrepreneur Works With Oklahoma City, Oklahoma Bank to Get an SBA Loan
Want to talk with an Oklahoma City, Oklahoma bank about an SBA loan? Here's one Oklahoma business loan, issued by an Oklahoma City bank, that was approved by the SBA.
Applying for an SBA loan with International Bank Of Commerce worked out well for our friends at one local business in Yukon, Oklahoma. They received an SBA loan for $173,800. Awesome!
SBA Loan Borrower
COMPANY TYPE: CERTIFIED PUBLIC ACCOUNTANTS
YUKON, OK 73099
SBA Loan Lender
INTERNATIONAL BANK OF COMMERCE
3601 NW 63RD ST
OKLAHOMA CITY, OK 73116
This debt financing was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.
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
541211 - Certified Public Accountants
Loan Approval Date
7/20/2006
Loan Approval Gross Amount
$173,800
Loan Approval from the SBA
Of the total $173,800 loan amount, the SBA guaranteed $86,900.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company
had 5 employees. This SBA loan request indicated that the loan would help generate 6 new jobs and retain 5 existing jobs.
Next Steps for Getting an SBA Loan
Every year, the SBA guarantees over $10 billion for loans just like this one.
If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from International Bank Of Commerce so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.
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:
Obtaining Funding - Getting Venture Capital
Small Business Banks in Oklahoma City, Oklahoma
Oklahoma SBA 7A Banks