Oklahoma Small Business Loan Issued to Whitney Manufacturing, Inc.

Oklahoma small business loans are available to Oklahoma small business owners through the SBA. In this case, an Oklahoma bank provides the loan.

By giving the right information to Nbanc, this Pryor, Oklahoma business was able to get an SBA loan. To get this loan, Whitney Manufacturing, Inc. gave the lending institution and the SBA a clear description of what the loan proceeds would be used for and how they intended to pay the loan back.

SBA Loan Borrower

WHITNEY MANUFACTURING, INC.
RT. 2, HWY 20 EAST
PRYOR, OK 74361

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 small business loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

332311 - Prefabricated Metal Building and Component Manufacturing

Loan Approval Date

4/11/2003

Loan Approval Gross Amount

$1,215,000

Loan Approval from the SBA

Of the total $1,215,000 loan amount, the SBA guaranteed $911,250.

More Information on This SBA Loan

The borrower, Whitney Manufacturing, Inc., borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 16 employees. The SBA loan application for the borrower did not indicate that the company promised to use the money to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

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 Whitney Manufacturing, Inc. is able to get a $1,215,000 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:

Strategic Investors

SBA 7A Banks for Tulsa, Oklahoma Loans

Oklahoma SBA 7A Lenders

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