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| Entrepreneur Resources | 1st National Bank & Trust - Broken Broken Arrow Business Loans | ||||
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How to Get SBA Loans in Tulsa, Oklahoma
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Borrowing Money for Automotive Body, Paint, and Interior Repair and MaintenanceWith these small business loans for automotive body, paint, and interior repair and maintenance, the SBA guarantees the lender that the loan will be repaid. This automotive body, paint, and interior repair and maintenance loan for $50,000 was given to an Oklahoma entrepreneur in 2004.
Accurate Autobody Inc received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with 1st National Bank & Trust - Broken, out of Broken Arrow, Oklahoma. The loan was granted and they received $50,000 to help grow their Tulsa, Oklahoma business. SBA Loan Borrower ACCURATE AUTOBODY INC SBA Loan Lender 1ST NATIONAL BANK & TRUST - BROKEN The lender provided this loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 811121 - Automotive Body, Paint, and Interior Repair and Maintenance Loan Approval Date 10/26/2004 Loan Approval Gross Amount $50,000 Loan Approval from the SBA Of the total $50,000 loan amount, the SBA guaranteed $25,000. More Information on This SBA Loan The borrower, Accurate Autobody Inc, borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 23 employees. The SBA loan application for the borrower did not indicate that the company promised to use the money to add employees or retain any existing employees. This loan was paid in full, and was closed out on 5/1/2007. Getting an SBA Loan For Your Business SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like 1st National Bank & Trust - Broken that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP). About This SBA Loan Information: All SBA loan data displayed above comes from the government's SBA loan database. Related Links: SBA 7A Lenders in Broken Arrow, 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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