Entrepreneur Works With Tulsa, Oklahoma Bank to Get an SBA Loan

Find Tulsa, Oklahoma banks that specialize in small business loans and know how to work with entrepreneurs. Onb Bank And Trust Company is one such bank, as evidenced by this SBA loan to Collision Works LLC.

Finding a small business loan in Del City, Oklahoma starts with an understanding of who else has gotten loans in the area. In this case, Collision Works LLC received funding from Onb Bank And Trust Company Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COLLISION WORKS LLC
3224 SE 29TH
DEL CITY, OK 73115

SBA Loan Lender

ONB BANK AND TRUST COMPANY
8908 S YALE AVE, STE 100
TULSA, OK 74137

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

811121 - Automotive Body, Paint, and Interior Repair and Maintenance

Loan Approval Date

12/15/2006

Loan Approval Gross Amount

$900,000

Loan Approval from the SBA

Of the total $900,000 loan amount, the SBA guaranteed $675,000.

More Information on This SBA Loan

The borrower, Collision Works LLC, 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 23 employees. The SBA loan application for the borrower indicated that the loan would help generate 2 new jobs and retain 25 existing jobs.

Getting an SBA Loan For Your Business

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. If a firm like Collision Works LLC is able to get a $900,000 loan, why not give getting an SBA loan of your own a try?

About This SBA Loan Information:

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

Related Links:

Advice on Getting a Small Business Loan

SBA Banks in Tulsa, Oklahoma

SBA Lenders in Oklahoma

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