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| Entrepreneur Resources | Triad Bank Tulsa Business Loans | ||||
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Who Can Get a Business Loan in Tulsa, Oklahoma?
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Small Business Loans for General Freight Trucking, Long-Distance, Less Than TruckloadWith these small business loans for general freight trucking, long-distance, less than truckload, the SBA guarantees the lender that the loan will be repaid. This general freight trucking, long-distance, less than truckload loan for $150,000 was given to an Oklahoma entrepreneur in 2003.
3m Transportations Inc knew how to go about getting a business bank loan. Based in Tulsa, Oklahoma, they applied for and were awarded an SBA-guaranteed loan in 2003. The lending bank was Triad Bank, based in Tulsa, Oklahoma. SBA Loan Borrower 3M TRANSPORTATIONS INC SBA Loan Lender TRIAD BANK This was a Low Documentation SBA loan. The SBA started this program to limit the paperwork associated with appliying for an SBA loan . 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. Right now, the maximum small business loan for this SBA program is $100,000. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 484122 - General Freight Trucking, Long-Distance, Less Than Truckload Loan Approval Date 2/5/2003 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, 3m Transportations Inc, borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 3 employees. This SBA loan request did not indicate that the business planned to use the loan proceeds to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as 3m Transportations Inc walked into Triad Bank and applied for an SBA loan, you have to do the same thing. The sooner you start, the faster you'll get the money! About This SBA Loan Information: All SBA loan data displayed above comes from the government's SBA loan database. Related Links: Obtaining Funding From a Venture Capitalist Small Business Banks in Tulsa, Oklahoma Find an SBA Lender 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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