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Tips for Businesses On Getting a Loan

 

 
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SBA Loans for Home Centers

Looking for SBA loans for home centers? An SBA loan may be just what you've been looking for. This $750,000 home centers loan was issued by an Oklahoma bank.

Langely Hardware & Buildong Su knew how to go about getting a business bank loan. Based in Langley, Oklahoma, they applied for and were awarded an SBA-guaranteed loan in 2003. The lending bank was Nbanc, based in Tulsa, Oklahoma.

SBA Loan Borrower

LANGELY HARDWARE & BUILDONG SU
PO BOX 878
LANGLEY, OK 74350

SBA Loan Lender

NBANC
7127 S RIVERSIDE DR
TULSA, OK 74136

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

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

444110 - Home Centers

Loan Approval Date

3/4/2003

Loan Approval Gross Amount

$750,000

Loan Approval from the SBA

Of the total $750,000 loan amount, the SBA guaranteed $562,500.

More Information on This SBA Loan

The borrower, Langely Hardware & Buildong Su, 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 SBA loan application for the borrower did not indicate that the SBA funding recipient planned to use the funding to hire new employees or retain any existing employees. This loan was paid in full, and was closed out on 8/1/2005.

Start the Process for Getting an SBA Loan Today!

Although it's called an SBA loan, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

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 Langely Hardware & Buildong Su did when it applied for and received this $750,000 loan. Remember, feel the fear, and do it anyway.

About This SBA Loan Information:

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

Related Links:

Strategic Investors

SBA 7A Banks for Tulsa, Oklahoma Loans

Where to Get an SBA Loan Oklahoma

 

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