SBA Loan from Triad Bank Helps The Woodhouse Day Spa
Triad Bank and the SBA work together to get business loans for growing small businesses. Here's an example of how an Oklahoma entrepreneur was able to get a loan to take a small business to the next level.
The Woodhouse Day Spa knew how to go about getting a business bank loan. Based in Jenks, Oklahoma, they applied for and received an SBA-guaranteed loan in 2004. The lending bank was Triad Bank, based in Tulsa, Oklahoma.
SBA Loan Borrower
THE WOODHOUSE DAY SPA
2110 W D COURT
JENKS, OK 74037
SBA Loan Lender
TRIAD BANK
7666 E 61ST ST, STE 150
TULSA, OK 74133
This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
713940 - Fitness and Recreational Sports Centers
Loan Approval Date
8/6/2004
Loan Approval Gross Amount
$150,000
Loan Approval from the SBA
Of the total $150,000 loan amount, the SBA guaranteed $127,500.
More Information on This SBA Loan
The borrower, The Woodhouse Day Spa, borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company
had 9 employees. This SBA loan request did not indicate that the business promised to use the money to increase staffing levels or retain any existing employees.
Getting an SBA Loan For Your Business
SBA loans provide smart, affordable business financing for small businesses looking to expand.
While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan to The Woodhouse Day Spa 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:
Understanding Dilution
SBA Approved Banks in Tulsa, Oklahoma
SBA Oklahoma Banks
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