Bank - Oklahoma SBA Loan to Expresso Milano Inc

Bank - Oklahoma is a source for SBA loans that have lower down payments and longer repayment terms than many other financing options. To help you understand SBA loans, we've featured one Oklahoma entrepreneur who tapped into the power of SBA loans.

Expresso Milano Inc knew how to go about getting a business bank loan. Based in Tulsa, Oklahoma, they applied for and received an SBA-guaranteed loan in 2004. The lending bank was Bank - Oklahoma, based in Tulsa, Oklahoma.

SBA Loan Borrower

EXPRESSO MILANO INC
1338 E 15TH STREET
TULSA, OK 74120

SBA Loan Lender

BANK - OKLAHOMA
ONE WILLIAMS CTR
TULSA, OK 74172

The lender provided this bank loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

445299 - All Other Specialty Food Stores

Loan Approval Date

7/29/2004

Loan Approval Gross Amount

$172,500

Loan Approval from the SBA

Of the total $172,500 loan amount, the SBA guaranteed $86,250.

More Information on This SBA Loan

The borrower, Expresso Milano Inc, 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 only one employee. This SBA loan request indicated that the loan would help generate 5 new jobs and retain 6 existing jobs.

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

SBA loans provide money to small business owners for working capital for other expenses.

This SBA loan was for $172,500. How would you spend $172,500 on your business? If you apply for an SBA loan, you, like the entrepreneurs at Expresso Milano Inc, 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:

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If you are an ambitious entrepreneur or an aspiring executive looking to get involved with a startup, please take the time to learn more about Gaebler Ventures.