Bank - Oklahoma SBA Loan to Genesis Medical Research Found

An SBA loan from Bank - Oklahoma typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, an Oklahoma City, Oklahoma business owner got a $244,000 loan.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Oklahoma City, Oklahoma was able to borrow $244,000 from Bank - Oklahoma. The SBA made the loan possible by guaranteeing $183,000 of this Oklahoma small business loan.

SBA Loan Borrower

GENESIS MEDICAL RESEARCH FOUND
5419 S WESTERN
OKLAHOMA CITY, OK 73109

SBA Loan Lender

BANK - OKLAHOMA
ONE WILLIAMS CTR
TULSA, OK 74172

This SBA business loan was issued under the SBA's Certified Lenders Program (CLP), which means that this bank has a successful SBA lending track record and a thorough understanding of SBA lending rules and regulations.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

8049 - Offices and Clinics of Health Practitioners,N.E.C

NAICS Code

621399 - Offices of All Other Miscellaneous Health Practitioners

Loan Approval Date

4/29/2002

Loan Approval Gross Amount

$244,000

Loan Approval from the SBA

Of the total $244,000 loan amount, the SBA guaranteed $183,000.

More Information on This SBA Loan

The borrower, Genesis Medical Research Found, borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 10 employees. The SBA loan documents did not indicate that the company promised to use the funding to hire new employees or retain any existing employees. This loan was paid in full, and was closed out on 8/30/2007.

Next Steps for Getting an SBA Loan

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

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 Genesis Medical Research Found did when it applied for and received this $244,000 loan. Remember, things become real when you believe you can achieve them!

About This SBA Loan Information:

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

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