Tulsa, Oklahoma Entrepreneur Gets a Business Loan

Small business loans in Oklahoma are hard to find these days. We take a look at one Oklahoma small business loan, provided by a California bank, that was approved by the SBA.

Getting a small business loan in Tulsa, Oklahoma was a top priority for Bo Jack-Biddie Jane Enteprises back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Innovative Bank. Here are the details on this Oklahoma small business loan.

SBA Loan Borrower

BO JACK-BIDDIE JANE ENTEPRISES
5742 E 32ND PL
TULSA, OK 74145

SBA Loan Lender

INNOVATIVE BANK
360 14TH ST
OAKLAND, CA 94612

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

453220 - Gift, Novelty, and Souvenir Stores

Loan Approval Date

11/21/2003

Loan Approval Gross Amount

$5,000

Loan Approval from the SBA

Of the total $5,000 loan amount, the SBA guaranteed $2,500.

More Information on This SBA Loan

The borrower, Bo Jack-Biddie Jane Enteprises, borrowed this money for a new 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 generate 1 new job and retain 1 existing job.

Getting an SBA Loan For Your Business

Every year, the SBA guarantees over $10 billion for loans just like this one.

Bo Jack-Biddie Jane Enteprises got an SBA loan. You can too! Maybe you are raising money for operating expenses? Maybe you need money to buy a business? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

About This SBA Loan Information:

All SBA loan data displayed above comes from the government's SBA loan database.

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