Machine Shops Loans

With these loans for machine shops, the SBA guarantees the lender that the loan will be repaid. This machine shops loan for $300,000 was given to an Oklahoma entrepreneur in 2003.

Dilbeck Mfg., Inc. knew how to go about getting a business bank loan. Based in Tulsa, Oklahoma, they applied for and were awarded an SBA-guaranteed loan in 2003. The lending bank was Community Bank & Trust Company, based in Tulsa, Oklahoma.

SBA Loan Borrower

DILBECK MFG., INC.
1871 N.106TH E. AVE.
TULSA, OK 74116

SBA Loan Lender

COMMUNITY BANK & TRUST COMPANY
8908 S YALE, STE 100-91ST
TULSA, OK 74105

When it made this small business loan, this bank was part of the SBA's Certified Lenders Program (CLP). This program aims to provide expeditious service on loan applications received from lenders who have a successful SBA lending track record and a thorough understanding of SBA policies and procedures. CLP lenders perform a complete analysis of the application and, in return, SBA promises a fast loan decision.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

332710 - Machine Shops

Loan Approval Date

2/10/2003

Loan Approval Gross Amount

$300,000

Loan Approval from the SBA

Of the total $300,000 loan amount, the SBA guaranteed $225,000.

More Information on This SBA Loan

The borrower, Dilbeck Mfg., Inc., borrowed this money for an existing business. The SBA's record indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 6 employees. This SBA loan request did not indicate that the SBA funding recipient planned to use the loan proceeds to hire new employees or retain any existing employees. This loan was paid in full, and was closed out on 1/26/2007.

Next Steps for Getting an SBA Loan

If you want money for new small 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. Dilbeck Mfg., 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:

Debt Financing

SBA 7A Banks in Tulsa, Oklahoma

SBA Participating Banks in Oklahoma

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