Tulsa, Oklahoma Entrepreneur Gets an SBA Loan

Searching for an Oklahoma bank loan? This Oklahoma entrepreneur got a bank loan, provided by a North Carolina bank that works with the SBA to help small business owners.

Getting a small business loan in Tulsa, Oklahoma was a top priority for Choice Sanitaion Services Inc back in 2002 and, based on their loan application, they were successful in getting an SBA loan from Bank Of America. Here are the details on this Oklahoma small business loan.

SBA Loan Borrower

CHOICE SANITAION SERVICES INC
2004 N 167TH EAST AVE
TULSA, OK 74116

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

235990 - All Other Special Trade Contractors

Loan Approval Date

2/12/2002

Loan Approval Gross Amount

$120,000

Loan Approval from the SBA

Of the total $120,000 loan amount, the SBA guaranteed $60,000.

More Information on This SBA Loan

The borrower, Choice Sanitaion Services Inc, borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 3 employees. The SBA loan documents indicated that the loan would help generate 2 new jobs and retain 3 existing jobs.

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

If you have been wondering how do i get money to start a business 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.

Your solution for where to find money to start a business may be an SBA guaranteed loan. Choice Sanitaion Services Inc recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

About This SBA Loan Information:

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

Related Links:

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