Where to Get Capital for Lessors of Nonresidential Buildings

With these small business loans for lessors of nonresidential buildings, the SBA guarantees the lender that the loan will be repaid. This lessors of nonresidential buildings loan for $250,000 was given to an Oklahoma entrepreneur in 2002.

Lau Agency LLC knew how to go about getting a business bank loan. Based in Oklahoma City, Oklahoma, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was Bank - Oklahoma, based in Tulsa, Oklahoma.

SBA Loan Borrower

LAU AGENCY LLC
2500 W. I-40 SERVICE ROAD
OKLAHOMA CITY, OK 73108

SBA Loan Lender

BANK - OKLAHOMA
ONE WILLIAMS CTR
TULSA, OK 74172

This bank loan was issued under the SBA's Certified Lenders Program (CLP), which means that this bank has a successful SBA lending track record and are well trained in SBA lending rules and regulations.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

6519 - Lessors of Real Property, N.E.C.

NAICS Code

531120 - Lessors of Nonresidential Buildings (except Miniwarehouses)

Loan Approval Date

8/23/2002

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, Lau Agency 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 only one employee. The SBA loan documents did not indicate that the company planned to use the loan proceeds to hire new employees or retain any existing employees. This loan was paid in full, and was closed out on 6/30/2006.

Start the Process for Getting an SBA Loan Today!

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. If a firm like Lau Agency LLC is able to get a $250,000 loan, why not give getting an SBA loan of your own a try?

About This SBA Loan Information:

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

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