Oklahoma Business Loan Issued to Dr. Biff Beard, P.C.

Would an Oklahoma SBA loan help your business get to the next level? If so, you may want to talk with this Oklahoma bank, which offers SBA loans to Oklahoma entrepreneurs.

Dr. Biff Beard, P.C., based in Tulsa, Oklahoma, offers a good example of how small businesses get financed. Taking advantage of the SBA's guaranteed loan program, they were able to get a loan from Onb Bank And Trust Company. We've got the inside scoop on this Oklahoma small business loan.

SBA Loan Borrower

DR. BIFF BEARD, P.C.
1227 S HARVARD
TULSA, OK 74112

SBA Loan Lender

ONB BANK AND TRUST COMPANY
8908 S YALE AVE, STE 100
TULSA, OK 74137

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide SBA small business loans to to entrepreneurs who might have trouble getting a conventional bank loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

621210 - Offices of Dentists

Loan Approval Date

12/9/2005

Loan Approval Gross Amount

$513,000

Loan Approval from the SBA

Of the total $513,000 loan amount, the SBA guaranteed $384,750.

More Information on This SBA Loan

The borrower, Dr. Biff Beard, P.C., borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 7 employees. The loan application did not indicate that the company planned to use the loan proceeds to add employees or retain any existing employees.

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

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

This SBA loan was for $513,000. How would you spend $513,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at Dr. Biff Beard, P.C., may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

About This SBA Loan Information:

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

Related Links:

Business Cash Advances

SBA 7A Lenders in Tulsa, Oklahoma

Oklahoma SBA 7A Banks

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