Tulsa, Oklahoma Bank Gives SBA Loan to Paycom
Want to talk with a Tulsa, Oklahoma bank about a small business loan? Here's one Texas business loan, issued by a Tulsa bank, that was approved by the SBA.
Applying for an SBA loan with Snb Bank - Tulsa A Division - worked out well for our friends at Paycom in Double Oak, Texas. The business was able to get an SBA loan for $300,000. Great job!
SBA Loan Borrower
PAYCOM
110 TIMBERVIEW DR.
DOUBLE OAK, TX 75077
SBA Loan Lender
SNB BANK - TULSA A DIVISION -
2431 E 61ST ST, STE 170
TULSA, OK 74136
This lender issued this SBA loan under the SBA's 7A loan, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
8721 - Accounting, Auditing, and Bookkeeping Services
NAICS Code
541219 - Other Accounting Services
Loan Approval Date
1/15/2003
Loan Approval Gross Amount
$300,000
Loan Approval from the SBA
Of the total $300,000 loan amount, the SBA guaranteed $225,000.
More Information on This SBA Loan
The borrower, Paycom, 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 3 employees. The loan application did not indicate that the SBA funding recipient planned to use the money to increase staffing levels or retain any existing employees. This loan was paid in full, and was closed out on 6/2/2006.
Start the Process for Getting an SBA Loan Today!
SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.
Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like Paycom did when it applied for and received this $300,000 loan. Remember, if it to be, it is up to me!
About This SBA Loan Information:
All SBA loan data displayed above comes from the government's SBA loan database.
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