 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
|
|
|
|
||
| Entrepreneur Resources | The Exchange Bank Skiatook Business Loans | ||||
 |
||||
Raising Money in Tulsa, Oklahoma With SBA Loans
|
||||
 |
Tulsa, OK Entrepreneur Gets SBA Loan to Buy Cottman Transmission FranchiseNeed a loan to invest in a Cottman Transmission franchise? The Exchange Bank has a history of making these loans and they are guaranteed by the SBA.
Getting money to buy a Cottman Transmission franchise may simply require a phone call to a local SBA banker. In 2003, The Exchange Bank issued an SBA franchise loan to an entrepreneur in Tulsa, Oklahoma. Because Cottman Transmission was registered with the SBA's registry of franchises, this Oklahoma small business loan was issued on an expedited basis. SBA Loan Borrower COTTMAN TRANSMISSION SBA Loan Lender THE EXCHANGE BANK This was a Low Documentation SBA loan. The SBA launched this program to minimize the paperwork associated with borrowing money. The low-doc program is quick, requiring completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 811111 - General Automotive Repair Loan Approval Date 4/16/2003 Loan Approval Gross Amount $120,000 Loan Approval from the SBA Of the total $120,000 loan amount, the SBA guaranteed $102,000. More Information on This SBA Loan The borrower, Cottman Transmission, borrowed this money for a new business. This loan was used to buy a Cottman Transmission franchise. At the time of the loan, the company had 4 employees. This SBA loan request did not indicate that the small business promised to use the loan proceeds to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan Every year, the SBA guarantees over $10 billion for loans just like this one. Cottman Transmission got an SBA loan. You can too! Maybe you need seed money for business? Maybe you want money to buy a franchise? 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. Related Links: Good Banks for Small Business in Skiatook, Oklahoma If you are an ambitious entrepreneur or an aspiring executive looking to get involved with a startup, please take the time to learn more about Gaebler Ventures.
|
|
||
|
||||
|
|
||||
