Tulsa, Oklahoma Lender Lends Money to Container Repair, LLC

A Tulsa, Oklahoma SBA loan can be yours. Learn how Container Repair, LLC got a $120,800 business loan from this Oklahoma bank.

This loan to Container Repair, LLC is a good example of an SBA loan. Bank - Oklahoma made the loan and the SBA guaranteed a portion of the loan. Many other Oklahoma entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take.

SBA Loan Borrower

CONTAINER REPAIR, LLC
1520 S MACARTHUR
OKLAHOMA CITY, OK 73128

SBA Loan Lender

BANK - OKLAHOMA
ONE WILLIAMS CTR
TULSA, OK 74172

This was a Low Documentation SBA loan. The SBA launched this program to minimize the paperwork associated with appliying for an SBA loan . The low-doc program requires completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

811310 - Commercial and Industrial Machinery and Equipment (except Automotive and El

Loan Approval Date

2/2/2004

Loan Approval Gross Amount

$120,800

Loan Approval from the SBA

Of the total $120,800 loan amount, the SBA guaranteed $102,680.

More Information on This SBA Loan

The borrower, Container Repair, LLC, borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 6 employees. This SBA loan request did not indicate that the small business promised to use the loan proceeds to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. Container Repair, LLC needed a loan. Bank - Oklahoma probably wouldn't have granted the loan based on the merits of the company, but with the SBA stepping up and agreeing to guarantee part of the loan, Bank - Oklahoma made the loan. The end result was that Container Repair, LLC was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

About This SBA Loan Information:

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

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