Tulsa, Oklahoma Bank Lends Money to Mortgage Broker Network Group in Broken Arrow, Oklahoma

Get SBA loans from a Tulsa, Oklahoma bank that knows how to treat small business owners right! If Mortgage Broker Network Group can get a loan, there's no reason you can't do it too.

Community Bank & Trust Company is a Tulsa, Oklahoma small business lender that is dedicated to providing financing to small businesses. In this case, they gave a small business loan to Mortgage Broker Network Group an Oklahoma company.

SBA Loan Borrower

MORTGAGE BROKER NETWORK GROUP
741 W NEW ORLEANS
BROKEN ARROW, OK 74011

SBA Loan Lender

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

This lender issued this particular loan for a small business under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

522310 - Mortgage and Nonmortgage Loan Brokers

Loan Approval Date

2/23/2004

Loan Approval Gross Amount

$20,000

Loan Approval from the SBA

Of the total $20,000 loan amount, the SBA guaranteed $17,000.

More Information on This SBA Loan

The borrower, Mortgage Broker Network Group, borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 5 employees. This SBA loan request did not indicate that the small business promised to use the money to increase staffing levels or retain any existing employees. This loan was paid in full, and was closed out on 10/18/2004.

Next Steps for Getting an SBA Loan

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. Mortgage Broker Network Group needed a loan. Community Bank & Trust Company probably wouldn't have granted the loan based on the merits of the company, but with the SBA stepping up and agreeing to guarantee part of the loan, Community Bank & Trust Company made the loan. The end result was that Mortgage Broker Network Group was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

About This SBA Loan Information:

All SBA loan data displayed above comes from the government's SBA loan database.

Related Links:

Family and Friend Investors - Your First Financiers

Banks in Tulsa, Oklahoma

Oklahoma SBA 7A Lenders

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