General Purpose Machinery Manufacturing Loans

With these loans for general purpose machinery manufacturing, the SBA guarantees the lender that the loan will be repaid. This general purpose machinery manufacturing loan for $397,000 was given to an Oklahoma entrepreneur in 2002.

Branch Line received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with Spiritbank, out of Tulsa, Oklahoma. The loan was granted and they received $397,000 to help grow their Sand Springs, Oklahoma business.

SBA Loan Borrower

BRANCH LINE
1551 S 129TH WEST AVENUE
SAND SPRINGS, OK 74011

SBA Loan Lender

SPIRITBANK
4815 S HARVARD
TULSA, OK 74135

This SBA loan was sent in by an SBA Certified Lenders Program (CLP) lender. CLP lenders perform a thorough analysis of the loan application and, in return, SBA promises a fast loan decision.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3569 - General Industrial Machinery and Equipment, N.E.C

NAICS Code

333999 - All Other Miscellaneous General Purpose Machinery Manufacturing

Loan Approval Date

4/8/2002

Loan Approval Gross Amount

$397,000

Loan Approval from the SBA

Of the total $397,000 loan amount, the SBA guaranteed $297,750.

More Information on This SBA Loan

The borrower, Branch Line, 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 7 employees. The SBA loan documents did not indicate that the business planned to use the loan proceeds 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.

We can help you find the best banks for small businesses in Sand Springs or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

About This SBA Loan Information:

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

Related Links:

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Getting an SBA Loan in Oklahoma

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