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| Entrepreneur Resources | Nbanc Tulsa Business Loans | ||||
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OK Business Loans from Nbanc
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Altus, Oklahoma Business Gets SBA-Guaranteed Funding from NbancNbanc has a track record as a leading provider of SBA loans. Find out how this Oklahoma entrepreneur received an SBA loan from them.
R & J Mobile Food knew how to go about getting a business bank loan. Based in Altus, Oklahoma, they applied for and received an SBA-guaranteed loan in 2001. The lending bank was Nbanc, based in Tulsa, Oklahoma. SBA Loan Borrower R & J MOBILE FOOD SBA Loan Lender NBANC This was a Low Documentation SBA loan. The SBA started this program to reduce 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. Right now, the maximum small business loan for this SBA program is $100,000. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722320 - Caterers Loan Approval Date 4/19/2001 Loan Approval Gross Amount $23,000 Loan Approval from the SBA Of the total $23,000 loan amount, the SBA guaranteed $19,550. More Information on This SBA Loan The borrower, R & J Mobile Food, borrowed this money for a new business. The SBA's record indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 2 employees. The loan application did not indicate that the company planned to use the loan proceeds to add employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Nbanc are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you. About This SBA Loan Information: All SBA loan data displayed above comes from the government's SBA loan database. Related Links: Obtaining Funding From a Venture Capitalist SBA Approved Banks in Tulsa, Oklahoma Find an SBA Lender in Oklahoma If you are an ambitious entrepreneur or an aspiring executive looking to get involved with a startup, please take the time to learn more about Gaebler Ventures.
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