SBA Loan from Tulsa National Bank Helps Express Graphics
An SBA loan from Tulsa National Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Tulsa, Oklahoma business owner got a $40,000 loan.
Getting a small business loan in Tulsa, Oklahoma was an essential business goal for Express Graphics back in 2001 and, based on their loan application, they were successful in getting an SBA loan from Tulsa National Bank, operating out of Tulsa, Oklahoma. Here are the details on this Oklahoma small business loan.
SBA Loan Borrower
EXPRESS GRAPHICS
401 SOUTH BOSTON STE 330
TULSA, OK 74103
SBA Loan Lender
TULSA NATIONAL BANK
7120 S LEWIS AVE
TULSA, OK 74136
This was a Low Documentation SBA loan. The SBA started this program to minimize the paperwork associated with borrowing money. The low-doc program is quick, requiring completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
561410 - Document Preparation Services
Loan Approval Date
9/10/2001
Loan Approval Gross Amount
$40,000
Loan Approval from the SBA
Of the total $40,000 loan amount, the SBA guaranteed $34,000.
More Information on This SBA Loan
The borrower, Express Graphics, borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company
had 8 employees. The SBA loan application for the borrower did not indicate that the business promised to use the funding to increase staffing levels or retain any existing employees. This loan was paid in full, and was closed out on 6/30/2006.
Start the Process for Getting an SBA Loan Today!
The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.
Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. If a firm like Express Graphics is able to get a $40,000 loan, why not give getting an SBA loan of your own a try?
About This SBA Loan Information:
All SBA loan data displayed above comes from the government's SBA loan database.
Related Links:
Obtaining Funding - How to Decide How Much to Raise
Where to Get an SBA Loan in Tulsa, Oklahoma
Oklahoma SBA Banks
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