Business Loan from Onb Bank And Trust Company Given to Integrated Lighting Systems Ll

An SBA loan from Onb Bank And Trust Company typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Tulsa, Oklahoma business owner got a $451,000 loan.

Integrated Lighting Systems Ll received financial assistance through the SBA's lending programs back in 2007. They applied for an SBA loan with Onb Bank And Trust Company, out of Tulsa, Oklahoma. The loan was granted and they received $451,000 to help grow their Tulsa, Oklahoma business.

SBA Loan Borrower

INTEGRATED LIGHTING SYSTEMS LL
7161 SOUTH BRADEN AVENUE
TULSA, OK 74136

SBA Loan Lender

ONB BANK AND TRUST COMPANY
8908 S YALE AVE, STE 100
TULSA, OK 74137

This lender issued this SBA loan under the SBA 7A lending program , in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

238210 - Electrical Contractors and other Wiring Installation Contractors

Loan Approval Date

4/20/2007

Loan Approval Gross Amount

$451,000

Loan Approval from the SBA

Of the total $451,000 loan amount, the SBA guaranteed $338,250.

More Information on This SBA Loan

The borrower, Integrated Lighting Systems Ll, borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 3 employees. This SBA loan request indicated that the loan would help retain 3 existing jobs.

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

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

Your solution for where to find money to start a business may be an SBA guaranteed loan. Integrated Lighting Systems Ll 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.

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