Entrepreneur Works With Tulsa, Oklahoma Bank to Get an SBA Loan
A Tulsa, Oklahoma small business loan can be yours. Learn how Uniform Closet got a $75,000 business loan from this Oklahoma bank.
This loan to Uniform Closet is a good example of an SBA loan. American Bank And Trust Co. 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
UNIFORM CLOSET
12406 E. 77 PLACE N.
OWASSO, OK 74055
SBA Loan Lender
AMERICAN BANK AND TRUST CO.
6100 S YALE AVE
TULSA, OK 74136
This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
448190 - Other Clothing Stores
Loan Approval Date
2/12/2001
Loan Approval Gross Amount
$75,000
Loan Approval from the SBA
Of the total $75,000 loan amount, the SBA guaranteed $63,750.
More Information on This SBA Loan
The borrower, Uniform Closet, borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company
had 2 employees. This SBA loan request did not indicate that the company planned to use the funding to hire new employees or retain any existing employees. This loan was paid in full, and was closed out on 9/29/2006.
Start the Process for Getting an SBA Loan Today!
SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.
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 Uniform Closet is able to get a $75,000 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.
Related Links:
Determining Proper Capital Structure for a Business
SBA 7A Banks in Tulsa, Oklahoma
Oklahoma SBA Bank Lenders
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