SBA Loan from Nbanc Helps Norris Enterprises Inc
An SBA loan from Nbanc typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Grove, Oklahoma business owner got a $110,000 loan.
Norris Enterprises Inc knew how to go about getting a business bank loan. Based in Grove, Oklahoma, they applied for and received an SBA-guaranteed loan in 2003. The lending bank was Nbanc, based in Tulsa, Oklahoma.
SBA Loan Borrower
NORRIS ENTERPRISES INC
825 APPLE DR
GROVE, OK 74344
SBA Loan Lender
NBANC
7127 S RIVERSIDE DR
TULSA, OK 74136
This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
812910 - Pet Care (except Veterinary) Services
Loan Approval Date
3/26/2003
Loan Approval Gross Amount
$110,000
Loan Approval from the SBA
Of the total $110,000 loan amount, the SBA guaranteed $93,500.
More Information on This SBA Loan
The borrower, Norris Enterprises Inc, borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company
had 3 employees. The SBA loan application for the borrower did not indicate that the company promised to use the money to increase staffing levels or retain any existing employees.
Start the Process for Getting an SBA Loan Today!
If you need business start up money in Grove OK, you ought to talk with a local Grove SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Grove businesses.
Norris Enterprises Inc got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you want money to buy a franchise? 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:
Role of Business Plan When Raising Money
Banks in Tulsa, Oklahoma
SBA Oklahoma Lenders
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