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| Entrepreneur Resources | Security Bank Pawnee Business Loans | ||||
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Banks Doing SBA Loans in Oklahoma
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Pawnee, Oklahoma Bank Gives SBA Loan to Global Fitness, Inc.Thinking about meeting with a Pawnee, Oklahoma bank about an SBA loan? Here's one Oklahoma business loan, issued by a Pawnee bank, that was approved by the SBA.
Applying for an SBA loan with Security Bank worked out well for our friends at Global Fitness, Inc. in Tulsa, Oklahoma. They got an SBA loan for $910,000. Way to go! SBA Loan Borrower GLOBAL FITNESS, INC. SBA Loan Lender SECURITY BANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 713940 - Fitness and Recreational Sports Centers Loan Approval Date 12/12/2003 Loan Approval Gross Amount $910,000 Loan Approval from the SBA Of the total $910,000 loan amount, the SBA guaranteed $682,500. More Information on This SBA Loan The borrower, Global Fitness, Inc., borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 18 employees. The SBA loan documents did not indicate that the company planned to use the loan proceeds to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan Although it's called an SBA loan, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. Your solution for where to find money to start a business may be an SBA guaranteed loan. Global Fitness, Inc. recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. About This SBA Loan Information: All SBA loan data displayed above comes from the government's SBA loan database. Related Links: Determining Proper Capital Structure for a Business Best Banks for Small Business in Pawnee, Oklahoma Where to Get an SBA Loan 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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