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| Entrepreneur Resources | Triad Bank Tulsa Business Loans | ||||
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SBA Lender Collinsville, Oklahoma
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SBA Loan from Triad Bank Helps B & B Electrical Services IncTriad Bank and the SBA work together to get business loans for growing small businesses. Here's an example of how an Oklahoma entrepreneur was able to get a loan to take a small business to the next level.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Collinsville, Oklahoma was able to borrow $25,000 from Triad Bank. The SBA made the loan possible by guaranteeing $21,250 of this Oklahoma small business loan. SBA Loan Borrower B & B ELECTRICAL SERVICES INC SBA Loan Lender TRIAD BANK This lender issued this particular loan 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 238210 - Electrical Contractors and other Wiring Installation Contractors Loan Approval Date 5/26/2004 Loan Approval Gross Amount $25,000 Loan Approval from the SBA Of the total $25,000 loan amount, the SBA guaranteed $21,250. More Information on This SBA Loan The borrower, B & B Electrical Services Inc, borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had only one employee. This SBA loan request did not indicate that the SBA funding recipient planned to use the loan proceeds to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan Many small businesses receive loans backed by the U.S. Small Business Administration. B & B Electrical Services Inc got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you need money to buy a business? 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: Raising VC Money for Social Networking Companies Where to Get an SBA Loan in Tulsa, 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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