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| Entrepreneur Resources | Community Bank & Trust Company Tulsa Business Loans | ||||
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Requirements for Small Business Owners On Getting a Loan
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Machine Shops Commercial LoansWith these commercial loans for machine shops, the SBA guarantees the lender that the loan will be repaid. This machine shops loan for $100,000 was given to an Oklahoma entrepreneur in 2004.
Getting a small business loan in Sand Springs, Oklahoma was important for Nauman Machining Solutions Inc back in 2004 and, based on their loan application, they were successful in getting an SBA loan from Community Bank & Trust Company, operating out of Tulsa, Oklahoma. Here are the details on this Oklahoma small business loan. SBA Loan Borrower NAUMAN MACHINING SOLUTIONS INC SBA Loan Lender COMMUNITY BANK & TRUST COMPANY 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 332710 - Machine Shops Loan Approval Date 3/4/2004 Loan Approval Gross Amount $100,000 Loan Approval from the SBA Of the total $100,000 loan amount, the SBA guaranteed $85,000. More Information on This SBA Loan The borrower, Nauman Machining Solutions Inc, 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 only one employee. The loan application did not indicate that the business promised to use the funding to increase staffing levels or retain any existing employees. This loan was paid in full, and was closed out on 3/8/2006. Next Steps for Getting an SBA Loan The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Community Bank & Trust Company are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you. About This SBA Loan Information: All SBA loan data displayed above comes from the government's SBA loan database. Related Links: Find an SBA Lender in Tulsa, Oklahoma Browse All Business Loan Sources for Oklahoma If you are an ambitious entrepreneur or an aspiring executive looking to get involved with a startup, please take the time to learn more about Gaebler Ventures.
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