Borrowing Money for Golf Courses and Country Clubs

With these loans for golf courses and country clubs, the SBA guarantees the lender that the loan will be repaid. This golf courses and country clubs loan for $650,000 was given to an Oklahoma entrepreneur in 2007.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Mounds, Oklahoma was able to borrow $650,000 from Onb Bank And Trust Company. The SBA made the loan possible by guaranteeing $487,500 of this Oklahoma small business loan.

SBA Loan Borrower

COTTON CREEK LIMITED PARTNERSH
2333 WEST 181ST STREET SOUTH
MOUNDS, OK 74047

SBA Loan Lender

ONB BANK AND TRUST COMPANY
8908 S YALE AVE, STE 100
TULSA, OK 74137

This lender issued this bank loan under the SBA's 7(a) guaranteed loan program, in which the SBA provides guaranteed loans to small business owners. This lending program began in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

713910 - Golf Courses and Country Clubs

Loan Approval Date

1/26/2007

Loan Approval Gross Amount

$650,000

Loan Approval from the SBA

Of the total $650,000 loan amount, the SBA guaranteed $487,500.

More Information on This SBA Loan

The borrower, Cotton Creek Limited Partnersh, borrowed this money for an existing business. The SBA's record indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 3 employees. The loan application did not indicate that the company planned to use the funding to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

If you are working on finding money to start a business in Mounds OK, you ought to talk with a local Mounds SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Mounds businesses.

This SBA loan was for $650,000. How would you spend $650,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at Cotton Creek Limited Partnersh, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

About This SBA Loan Information:

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

Related Links:

Business Cash Advances

SBA 7A Banks for Tulsa, Oklahoma Loans

Oklahoma SBA Bank Lenders

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