Eastland Mall Mania Gets an Oklahoma Small Business Loan

Bank loans in Oklahoma are tough to come by these days. We take a look at one Oklahoma bank loan, provided by a California bank, that was approved by the SBA.

Eastland Mall Mania, 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 Temecula Valley Bank. We've got the inside scoop on this Oklahoma small business loan.

SBA Loan Borrower

EASTLAND MALL MANIA
140002 EAST 21ST STREET
TULSA, OK 74103

SBA Loan Lender

TEMECULA VALLEY BANK
27710 JEFFERSON AVE, A-100
TEMECULA, CA 92590

This lender issued this loan for a small business under the SBA's 7(a) guaranteed loan program, in which the SBA provides guaranteed loans to small business owners. This lending program was started in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7933 - Bowling Centers

NAICS Code

713950 - Bowling Centers

Loan Approval Date

9/25/2002

Loan Approval Gross Amount

$573,500

Loan Approval from the SBA

Of the total $573,500 loan amount, the SBA guaranteed $430,125.

More Information on This SBA Loan

The borrower, Eastland Mall Mania, borrowed this money for a new 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 10 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the funding to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

We've showcased information on this loan to Eastland Mall Mania to let you know that businesses like yours can get an SBA loan.

About This SBA Loan Information:

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

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