Financing for Water Supply and Irrigation Systems

Looking for commercial loans for water supply and irrigation systems? The SBA may be the answer. This $600,000 water supply and irrigation systems loan was issued by an Oklahoma bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Edmond, Oklahoma was able to borrow $600,000 from Bank - Oklahoma. The SBA made the loan possible by guaranteeing $450,000 of this Oklahoma small business loan.

SBA Loan Borrower

DAVIS PIPE & SUPPLY, INC.
509 WESTLAND DRIVE
EDMOND, OK 73013

SBA Loan Lender

BANK - OKLAHOMA
ONE WILLIAMS CTR
TULSA, OK 74172

This commercial loan was issued under the SBA's Certified Lenders Program (CLP), which means that this lending institution has a successful SBA lending background and a deep knowledge SBA policies and procedures.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

221310 - Water Supply and Irrigation Systems

Loan Approval Date

2/7/2005

Loan Approval Gross Amount

$600,000

Loan Approval from the SBA

Of the total $600,000 loan amount, the SBA guaranteed $450,000.

More Information on This SBA Loan

The borrower, Davis Pipe & Supply, Inc., borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 15 employees. The loan application did not indicate that the business promised to use the loan proceeds to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

If you are interested in getting money to start a business or already have a business and need money to expand, an SBA loan can be a great source of funding.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. Davis Pipe & Supply, Inc. needed a loan. Bank - Oklahoma probably wouldn't have granted the loan based on the merits of the company, but with the SBA stepping up and agreeing to guarantee part of the loan, Bank - Oklahoma made the loan. The end result was that Davis Pipe & Supply, Inc. was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

About This SBA Loan Information:

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

Related Links:

Banking Deregulation's Effects on Entrepreneurship

SBA Banks in Tulsa, Oklahoma

Oklahoma SBA Banks

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