Entrepreneur Works With Tulsa, Oklahoma Bank to Get an SBA Loan

Find Tulsa, Oklahoma banks that specialize in SBA loans and know how to work with entrepreneurs. Triad Bank is one such bank, as evidenced by this SBA loan to Poor Boy Well Service.

Finding a small business loan in Slick, Oklahoma starts with an understanding of who else has gotten loans in the area. In this case, Poor Boy Well Service received funding from Triad Bank Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

POOR BOY WELL SERVICE
PO BOX 98
SLICK, OK 74071

SBA Loan Lender

TRIAD BANK
7666 E 61ST ST, STE 150
TULSA, OK 74133

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide loans to to entrepreneurs who might have trouble getting a conventional bank loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

213112 - Support Activities for Oil and Gas Operations

Loan Approval Date

8/8/2005

Loan Approval Gross Amount

$90,000

Loan Approval from the SBA

Of the total $90,000 loan amount, the SBA guaranteed $76,500.

More Information on This SBA Loan

The borrower, Poor Boy Well Service, 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 3 employees. The loan application did not indicate that the company planned to use the money to add employees or retain any existing employees. This loan was paid in full, and was closed out on 8/30/2007.

Next Steps for Getting an SBA Loan

SBA loans provide smart, affordable business financing for small businesses looking to expand.

If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this Poor Boy Well Service loan from Triad Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

About This SBA Loan Information:

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

Related Links:

Alternative Financing

SBA 7A Lenders in Tulsa, Oklahoma

Oklahoma SBA 7A Lenders

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