SBA Loan from Stillwater National Bank & Trust Helps Go Totally Wireless

Stillwater National Bank & Trust 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.

Getting a small business loan in Tulsa, Oklahoma was an essential business goal for Go Totally Wireless back in 2001 and, based on their loan application, they were successful in getting an SBA loan from Stillwater National Bank & Trust, operating out of Stillwater, Oklahoma. Here are the details on this Oklahoma small business loan.

SBA Loan Borrower

GO TOTALLY WIRELESS
8221-T E 61ST ST
TULSA, OK 74145

SBA Loan Lender

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

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

443112 - Radio, Television, and Other Electronics Stores

Loan Approval Date

5/4/2001

Loan Approval Gross Amount

$90,000

Loan Approval from the SBA

Of the total $90,000 loan amount, the SBA guaranteed $76,500.

More Information on This SBA Loan

The borrower, Go Totally Wireless, borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had only one employee. The loan application indicated that the loan would help create 2 new jobs. This loan was paid in full, and was closed out on 12/2/2004.

Next Steps for Getting an SBA Loan

If you are wondering how to raise money for a business in Tulsa OK, you ought to talk with a local Tulsa SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Tulsa businesses.

If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this Go Totally Wireless loan from Stillwater National Bank & Trust so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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

Best Stillwater, Oklahoma Banks for Small Business

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.