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| Entrepreneur Resources | Triad Bank Tulsa Business Loans | ||||
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Raising Money in Sapulpa, Oklahoma With SBA Loans
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Child Day Care Services Small Business LoansWith these small business loans for child day care services, the SBA guarantees the lender that the loan will be repaid. This child day care services loan for $150,000 was given to an Oklahoma entrepreneur in 2002.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Sapulpa, Oklahoma was able to borrow $150,000 from Triad Bank. The SBA made the loan possible by guaranteeing $127,500 of this Oklahoma small business loan. SBA Loan Borrower SAPULPA CHRISTIAN DAYCARE SBA Loan Lender TRIAD BANK This was a Low Documentation SBA loan. The SBA launched this program to reduce the paperwork associated with borrowing money. The low-doc program involves completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Currently, $100,000 is the maximum loan amount. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 624410 - Child Day Care Services Loan Approval Date 3/6/2002 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $127,500. More Information on This SBA Loan The borrower, Sapulpa Christian Daycare, borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 15 employees. The SBA loan application for the borrower did not indicate that the business promised to use the loan proceeds to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan Every year, the SBA guarantees over $10 billion for loans just like this one. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Triad Bank and they will explain how you can get an SBA loan for your company. About This SBA Loan Information: All SBA loan data displayed above comes from the government's SBA loan database. Related Links: Best Tulsa, Oklahoma Banks for Small Business Getting an SBA Loan in 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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