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| Entrepreneur Resources | Stillwater National Bank & Trust Stillwater Business Loans | ||||
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We Needed an SBA 7A Loan in Tulsa, Oklahoma and We Got One!
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Where to Get Capital for Automotive Mechanical and Electrical Repair and MaintenanceLooking for small business loans for automotive mechanical and electrical repair and maintenance? An SBA loan may be just what you've been looking for. This $464,600 automotive mechanical and electrical repair and maintenance loan was issued by an Oklahoma bank.
Danny Joe Cloud And Danny's Di received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with Stillwater National Bank & Trust, out of Stillwater, Oklahoma. The loan was granted and they received $464,600 to help grow their Tulsa, Oklahoma business. SBA Loan Borrower DANNY JOE CLOUD AND DANNY'S DI SBA Loan Lender STILLWATER NATIONAL BANK & TRUST This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 811118 - Other Automotive Mechanical and Electrical Repair and Maintenance Loan Approval Date 12/12/2001 Loan Approval Gross Amount $464,600 Loan Approval from the SBA Of the total $464,600 loan amount, the SBA guaranteed $348,450. More Information on This SBA Loan The borrower, Danny Joe Cloud And Danny's Di, borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 4 employees. This SBA loan request indicated that the loan would help generate 1 new job and retain 4 existing jobs. Getting an SBA Loan For Your Business Many small businesses receive loans backed by the U.S. Small Business Administration. There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower. Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today! About This SBA Loan Information: All SBA loan data displayed above comes from the government's SBA loan database. Related Links: Raising VC Money for Social Networking Companies SBA Approved Banks in Stillwater, 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.
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