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| Entrepreneur Resources | Security Bank Pawnee Business Loans | ||||
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Small Business Banks in Oklahoma
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Get an SBA Loan for Motorcycle, ATV, and Personal Watercraft DealersLooking for small business loans for motorcycle, atv, and personal watercraft dealers? An SBA loan may be just what you've been looking for. This $1,510,000 motorcycle, atv, and personal watercraft dealers loan was issued by an Oklahoma bank.
Action Powersports, Inc. received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with Security Bank, out of Pawnee, Oklahoma. The loan was granted and they received $1,510,000 to help grow their Tulsa, Oklahoma business. SBA Loan Borrower ACTION POWERSPORTS, INC. SBA Loan Lender SECURITY BANK This loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 441221 - Motorcycle, ATV, and Personal Watercraft Dealers Loan Approval Date 12/27/2006 Loan Approval Gross Amount $1,510,000 Loan Approval from the SBA Of the total $1,510,000 loan amount, the SBA guaranteed $1,132,500. More Information on This SBA Loan The borrower, Action Powersports, Inc., borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 12 employees. The loan application did not indicate that the business planned to use the money to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory. 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 Action Powersports, Inc. walked into Security 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: A Company That Helps Entrepreneurs Best Pawnee, Oklahoma Banks for Small Business 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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