Entrepreneur Works With Stillwater, Oklahoma Bank to Get an SBA Loan

A Stillwater, Oklahoma business loan can be yours. Learn how Elevating Communications, Inc. got a $308,500 business loan from this Oklahoma bank.

This loan to Elevating Communications, Inc. is a good example of an SBA loan. Stillwater National Bank & Trust made the loan and the SBA guaranteed a portion of the loan. Many other Oklahoma entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take.

SBA Loan Borrower

ELEVATING COMMUNICATIONS, INC.
1120 E. 4TH ST.
TULSA, OK 74120

SBA Loan Lender

STILLWATER NATIONAL BANK & TRUST
608 S MAIN
STILLWATER, OK 74074

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This commercial loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7311 - Advertising Agencies

NAICS Code

541810 - Advertising Agencies

Loan Approval Date

6/13/2001

Loan Approval Gross Amount

$308,500

Loan Approval from the SBA

Of the total $308,500 loan amount, the SBA guaranteed $231,375.

More Information on This SBA Loan

The borrower, Elevating Communications, Inc., borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 3 employees. The loan application did not indicate that the company planned to use the loan proceeds to add employees or retain any existing employees. This loan was paid in full, and was closed out on 12/26/2007.

Next Steps for Getting an SBA Loan

Every year, the SBA guarantees over $10 billion for loans just like this one.

We can help you find the best banks for small businesses in Tulsa or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

About This SBA Loan Information:

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

Related Links:

Obtaining Funding - Friends and Family

Who Lends Money to Small Businesses in Stillwater, Oklahoma

Oklahoma SBA 7A Banks

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