Borrowing Money for Durable Goods Wholesalers

Looking for bank loans for durable goods wholesalers? Talk to a banker who works with the SBA. This $250,000 durable goods wholesalers loan was issued by an Oklahoma bank.

Getting a small business loan in Oklahoma City, Oklahoma was important for Laid Back Enterprises, Inc. back in 2002 and, based on their loan application, they were successful in getting an SBA loan from Bank - Oklahoma, operating out of Tulsa, Oklahoma. Here are the details on this Oklahoma small business loan.

SBA Loan Borrower

LAID BACK ENTERPRISES, INC.
4020 WILL ROGERS PARKWAY, #7
OKLAHOMA CITY, OK 73108

SBA Loan Lender

BANK - OKLAHOMA
ONE WILLIAMS CTR
TULSA, OK 74172

This loan for a small business was provided by a lender with SBA Certified Lenders Program (CLP) status. CLP lenders who submit loan applications to the SBA get more expeditious service from the SBA on their loan applications.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5099 - Durable Goods, N.E.C.

NAICS Code

421990 - Other Miscellaneous Durable Goods Wholesalers

Loan Approval Date

9/16/2002

Loan Approval Gross Amount

$250,000

Loan Approval from the SBA

Of the total $250,000 loan amount, the SBA guaranteed $187,500.

More Information on This SBA Loan

The borrower, Laid Back Enterprises, Inc., borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 51 employees. This SBA loan request did not indicate that the SBA funding recipient planned to use the funding to increase staffing levels or retain any existing employees. This loan was paid in full, and was closed out on 8/2/2006.

Getting an SBA Loan For Your Business

Don't apply for a loan directly with the SBA. You need to 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.

If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this Laid Back Enterprises, Inc. loan from Bank - Oklahoma so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

About This SBA Loan Information:

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

Related Links:

Microlending as a Small Business Funding Source

Small Business Banks in Tulsa, Oklahoma

SBA Oklahoma Banks

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