Get an SBA Loan for Retail Bakeries

With these small business loans for retail bakeries, the SBA guarantees the lender that the loan will be repaid. This retail bakeries loan for $104,000 was given to an Oklahoma entrepreneur in 2005.

Getting a small business loan in Jenks, Oklahoma was important for L & J Greene Companies, Inc. back in 2005 and, based on their loan application, they were successful in getting an SBA loan from Summit Bank, operating out of Tulsa, Oklahoma. Here are the details on this Oklahoma small business loan.

SBA Loan Borrower

L & J GREENE COMPANIES, INC.
527 W. MAIN
JENKS, OK 74037

SBA Loan Lender

SUMMIT BANK
5314 S YALE, STE 100
TULSA, OK 74135

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This commercial loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

311811 - Retail Bakeries

Loan Approval Date

5/5/2005

Loan Approval Gross Amount

$104,000

Loan Approval from the SBA

Of the total $104,000 loan amount, the SBA guaranteed $88,400.

More Information on This SBA Loan

The borrower, L & J Greene Companies, Inc., 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 6 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient planned to use the money to add employees or retain any existing employees. This loan was paid in full, and was closed out on 3/30/2007.

Start the Process for Getting an SBA Loan Today!

SBA loans provide money to small business owners for working capital for other expenses.

While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan to L & J Greene Companies, Inc. shows that any business with ambition and the right qualifications can get an SBA loan.

About This SBA Loan Information:

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

Related Links:

The Art of Bootstrapping

SBA Approved Banks in Tulsa, Oklahoma

SBA Oklahoma Lenders

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