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| Entrepreneur Resources | Onb Bank And Trust Company Tulsa Business Loans | ||||
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Where Can I Find Franchise Loans in Collinsville, Oklahoma?
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Collinsville, OK Entrepreneur Gets SBA Loan to Buy Cornwell Quality Tool Company,Inc FranchiseNeed money to purchase a Cornwell Quality Tool Company,Inc franchise? Onb Bank And Trust Company has a history of making these loans and they are guaranteed by the SBA.
Want to borrow money to buy a Cornwell Quality Tool Company,Inc franchise? If so, here's a 2003 SBA franchise loan that you should know about. Onb Bank And Trust Company was the lender and the entrepreneur was based in Collinsville, Oklahoma. SBA Loan Borrower CORNWELL TOOLS SBA Loan Lender ONB BANK AND TRUST COMPANY This was a Low Documentation SBA loan. The SBA launched this program to limit the paperwork associated with appliying for an SBA loan . The low-doc program is quick, requiring completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Currently, $100,000 is the maximum loan amount. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 454390 - Other Direct Selling Establishments Loan Approval Date 6/25/2003 Loan Approval Gross Amount $40,000 Loan Approval from the SBA Of the total $40,000 loan amount, the SBA guaranteed $34,000. More Information on This SBA Loan The borrower, Cornwell Tools, borrowed this money for a new business. This loan was used to buy a Cornwell Quality Tool Company,Inc franchise. At the time of the loan, the company had only one employee. The SBA loan application for the borrower did not indicate that the business promised to use the loan proceeds to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans provide smart, affordable business financing for small businesses looking to expand. Cornwell Tools got an SBA loan. You can too! Maybe you need seed money for 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: Find an SBA Lender 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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