Action Toys LLC Gets an Oklahoma Bank Loan

Business loans in Oklahoma are tough to come by these days. We take a look at one Oklahoma business loan, provided by an Oklahoma bank, that was approved by the SBA.

By giving the right information to Community Bank & Trust Company, this Broken Arrow, Oklahoma business was able to get an SBA loan. To get this loan, Action Toys LLC gave the lending institution and the SBA a clear description of what the loan proceeds would be used for and how they intended to pay the loan back.

SBA Loan Borrower

ACTION TOYS LLC
406 E KENOSHA
BROKEN ARROW, OK 74012

SBA Loan Lender

COMMUNITY BANK & TRUST COMPANY
8908 S YALE, STE 100-91ST
TULSA, OK 74105

This business loan 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

441221 - Motorcycle, ATV, and Personal Watercraft Dealers

Loan Approval Date

7/22/2004

Loan Approval Gross Amount

$100,000

Loan Approval from the SBA

Of the total $100,000 loan amount, the SBA guaranteed $50,000.

More Information on This SBA Loan

The borrower, Action Toys LLC, borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 7 employees. This SBA loan request did not indicate that the small business promised to use the funding to increase staffing levels or retain any existing employees. This loan was paid in full, and was closed out on 11/30/2007.

Getting an SBA Loan For Your Business

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

This SBA loan was for $100,000. How would you spend $100,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at Action Toys LLC, 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 SBA loan database.

Related Links:

Small Business Loan

Good Banks for Small Business in Tulsa, Oklahoma

Getting an SBA Loan in Oklahoma

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