Tulsa, Oklahoma Bank Lends Money to Gv Enterprises, Inc in Collinsville, Oklahoma

Get to know Tulsa, Oklahoma banks that specialize in business loans and know how to work with entrepreneurs. Bank - Oklahoma is one such bank, as evidenced by this SBA loan to Gv Enterprises, Inc.

Finding a small business loan in Collinsville, Oklahoma starts with an understanding of who else has gotten loans in the area. In this case, Gv Enterprises, Inc received funding from Bank - Oklahoma Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

GV ENTERPRISES, INC
10808 E. 117 STREET N
COLLINSVILLE, OK 74021

SBA Loan Lender

BANK - OKLAHOMA
ONE WILLIAMS CTR
TULSA, OK 74172

This debt financing was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7542 - Carwashes

NAICS Code

811192 - Car Washes

Loan Approval Date

6/11/2001

Loan Approval Gross Amount

$290,000

Loan Approval from the SBA

Of the total $290,000 loan amount, the SBA guaranteed $217,500.

More Information on This SBA Loan

The borrower, Gv Enterprises, Inc, borrowed this money for a new business. The SBA's record indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 4 employees. This SBA loan request did not indicate that the business planned to use the loan proceeds to add employees or retain any existing employees. This loan was paid in full, and was closed out on 11/30/2006.

Getting an SBA Loan For Your Business

Many small businesses receive loans backed by the U.S. Small Business Administration.

There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower.

Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today!

About This SBA Loan Information:

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

Related Links:

Business Cash Advances

Best Banks for Small Business in Tulsa, Oklahoma

SBA Lenders in Oklahoma

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