Business Loan from Nbanc Given to Gern-Co Consultant Inc.
Nbanc has a track record as a leading provider of SBA loans. Find out how this Oklahoma entrepreneur received an SBA loan from them.
Gern-Co Consultant Inc. received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with Nbanc, out of Tulsa, Oklahoma. The loan was granted and they received $81,000 to help grow their Oklahoma City, Oklahoma business.
SBA Loan Borrower
GERN-CO CONSULTANT INC.
3105 NW 60 ST
OKLAHOMA CITY, OK 73112
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 loan was issued via the SBA 7a lending program.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
522310 - Mortgage and Nonmortgage Loan Brokers
Loan Approval Date
10/29/2004
Loan Approval Gross Amount
$81,000
Loan Approval from the SBA
Of the total $81,000 loan amount, the SBA guaranteed $68,850.
More Information on This SBA Loan
The borrower, Gern-Co Consultant Inc., borrowed this money for a new 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 8 employees. The loan application did not indicate that the small business promised to use the money to increase staffing levels or retain any existing employees.
Start the Process for Getting an SBA Loan Today!
Don't forget. To get an SBA loan, you must 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.
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 Gern-Co Consultant Inc. 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:
Financing Your Business
Best Banks for Small Business in Tulsa, Oklahoma
Getting an SBA Loan in Oklahoma
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