Machine Shops Business Loans
With these business loans for machine shops, the SBA guarantees the lender that the loan will be repaid. This machine shops loan for $144,000 was given to an Oklahoma entrepreneur in 2005.
B T Machine 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 2005. The lending bank was Community Bank & Trust Company, based in Tulsa, Oklahoma.
SBA Loan Borrower
B T MACHINE INC
16210 E MARSHALL ST
TULSA, OK 74116
SBA Loan Lender
COMMUNITY BANK & TRUST COMPANY
8908 S YALE, STE 100-91ST
TULSA, OK 74105
This lender processed this SBA loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.
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
332710 - Machine Shops
Loan Approval Date
8/30/2005
Loan Approval Gross Amount
$144,000
Loan Approval from the SBA
Of the total $144,000 loan amount, the SBA guaranteed $72,000.
More Information on This SBA Loan
The borrower, B T Machine Inc, borrowed this money for an existing 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 15 employees. The SBA loan documents indicated that the loan would help retain 15 existing jobs. This loan was paid in full, and was closed out on 3/2/2007.
Next Steps for Getting an SBA Loan
If you are wondering how to raise money for a company in Tulsa OK, you ought to talk with a local Tulsa SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Tulsa businesses.
We've showcased information on this loan to B T Machine Inc to let you know that businesses like yours can get an SBA loan.
About This SBA Loan Information:
All SBA loan data displayed above comes from the government's SBA loan database.
Related Links:
Obtaining Funding - How to Borrow Money
Find an SBA Lender in Tulsa, Oklahoma
Where to Get an SBA Loan Oklahoma
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