Triad Bank Gives Business Loan to Vision Controls

Bank loans in Oklahoma are hard to find these days. We take a look at one Oklahoma bank loan, provided by an Oklahoma bank, that was approved by the SBA.

Getting a small business loan in Broken Arrow, Oklahoma was a top priority for Vision Controls back in 2005 and, based on their loan application, they were successful in getting an SBA loan from Triad Bank. Here are the details on this Oklahoma small business loan.

SBA Loan Borrower

VISION CONTROLS
3101 N HEMLOCK CIRCLE STE 11
BROKEN ARROW, OK 74013

SBA Loan Lender

TRIAD BANK
7666 E 61ST ST, STE 150
TULSA, OK 74133

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

541990 - All Other Professional, Scientific, and Technical Services

Loan Approval Date

6/13/2005

Loan Approval Gross Amount

$124,000

Loan Approval from the SBA

Of the total $124,000 loan amount, the SBA guaranteed $105,400.

More Information on This SBA Loan

The borrower, Vision Controls, borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 4 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the funding to add employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

Vision Controls got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

About This SBA Loan Information:

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

Related Links:

Strategic Investors

SBA Participating Banks in Tulsa, Oklahoma

SBA Oklahoma Banks

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