Personal Services Small Business Loans
Looking for small business loans for personal services? Talk to a banker who works with the SBA. This $8,000 personal services loan was issued by a North Carolina bank.
Getting a small business loan in Tulsa, Oklahoma was important for Aquarium Solutions, Inc. back in 2006 and, based on their loan application, they were successful in getting an SBA loan from Bank Of America, operating out of Charlotte, North Carolina. Here are the details on this Oklahoma small business loan.
SBA Loan Borrower
Aquarium Solutions, Inc.
238 S 71ST EAST AVE
TULSA, OK 74112
SBA Loan Lender
BANK OF AMERICA
100 N TRYON ST
CHARLOTTE, NC 28255
This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.
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
812990 - All Other Personal Services
Loan Approval Date
1/5/2006
Loan Approval Gross Amount
$8,000
Loan Approval from the SBA
Of the total $8,000 loan amount, the SBA guaranteed $4,000.
More Information on This SBA Loan
The borrower, Aquarium Solutions, 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 only one employee. The SBA loan documents indicated that the loan would help retain 1 existing job.
Getting an SBA Loan For Your Business
The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.
Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like Aquarium Solutions, Inc. did when it applied for and received this $8,000 loan. Remember, feel the fear, and do it anyway.
About This SBA Loan Information:
All SBA loan data displayed above comes from the government's SBA loan database.
Related Links:
Realistic Debt Financing Options
Who Lends Money to Small Businesses in Charlotte, North Carolina
SBA Lenders in North Carolina
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