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| Entrepreneur Resources | Bank - Oklahoma Oklahoma City Business Loans | ||||
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Best Banks That Lend to Oklahoma Small Businesses
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Tulsa, Oklahoma Entrepreneur Gets a Bank LoanOklahoma small business loans are available to Oklahoma small business owners through the SBA. In this case, an Oklahoma bank provides the loan.
Getting a small business loan in Tulsa, Oklahoma was a top priority for Filtrex Industsries LLC back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Bank - Oklahoma. Here are the details on this Oklahoma small business loan. SBA Loan Borrower FILTREX INDUSTSRIES LLC SBA Loan Lender BANK - OKLAHOMA This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 561790 - Other Services to Buildings and Dwellings Loan Approval Date 10/27/2003 Loan Approval Gross Amount $100,000 Loan Approval from the SBA Of the total $100,000 loan amount, the SBA guaranteed $85,000. More Information on This SBA Loan The borrower, Filtrex Industsries LLC, borrowed this money for an existing 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. The SBA loan documents did not indicate that the small business promised to use the funding to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. Filtrex Industsries LLC needed a loan. Bank - Oklahoma probably wouldn't have granted the loan based on the merits of the company, but with the SBA stepping up and agreeing to guarantee part of the loan, Bank - Oklahoma made the loan. The end result was that Filtrex Industsries LLC was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. About This SBA Loan Information: All SBA loan data displayed above comes from the government's SBA loan database. Related Links: Advice on Getting a Small Business Loan SBA 7A Banks in Oklahoma City, Oklahoma 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.
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