Citizens Security Bank & Trust SBA Loan to Chip's Custom Carriers LLC

Citizens Security Bank & Trust has a track record as a leading provider of SBA loans. Find out how this Oklahoma entrepreneur received an SBA loan from them.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Tulsa, Oklahoma was able to borrow $79,000 from Citizens Security Bank & Trust. The SBA made the loan possible by guaranteeing $39,500 of this Oklahoma small business loan.

SBA Loan Borrower

CHIP'S CUSTOM CARRIERS LLC
1913 E 17TH PL
TULSA, OK 74104

SBA Loan Lender

CITIZENS SECURITY BANK & TRUST
14821 S MEMORIAL
BIXBY, OK 74008

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

492210 - Local Messengers and Local Delivery

Loan Approval Date

1/3/2008

Loan Approval Gross Amount

$79,000

Loan Approval from the SBA

Of the total $79,000 loan amount, the SBA guaranteed $39,500.

More Information on This SBA Loan

The borrower, Chip's Custom Carriers LLC, borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. The SBA loan documents indicated that the funding would help generate 2 new jobs.

Great, But How Can I Get an SBA Loan for My Business?

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

If Chip's Custom Carriers LLC can get an SBA loan, there's no reason you can't get an SBA loan too. The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

About This SBA Loan Information:

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

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