Innovative Bank Gives Small Business Loan to Isam Painting & Sand Blasting
Would an Oklahoma SBA loan help your business get to the next level? If so, you may want to talk with this California bank, which offers SBA loans to Oklahoma entrepreneurs.
By giving the right information to Innovative Bank, this Tulsa, Oklahoma business was able to get an SBA loan. To get this loan, Isam Painting & Sand Blasting gave the lending institution and the SBA a clear description of what the loan proceeds would be used for and how they intended to pay the loan back.
SBA Loan Borrower
ISAM PAINTING & SAND BLASTING
8989 W 81ST STREET
TULSA, OK 74131
SBA Loan Lender
INNOVATIVE BANK
360 14TH ST
OAKLAND, CA 94612
SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This business loan was issued via the SBA 7a lending program.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
235210 - Painting and Wall Covering
Loan Approval Date
5/25/2004
Loan Approval Gross Amount
$5,000
Loan Approval from the SBA
Of the total $5,000 loan amount, the SBA guaranteed $4,250.
More Information on This SBA Loan
The borrower, Isam Painting & Sand Blasting, borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company
had 2 employees. The SBA loan application for the borrower indicated that the loan would help generate 1 new job and retain 2 existing jobs.
Next Steps for Getting an SBA Loan
SBA loans provide smart, affordable business financing for small businesses looking to expand.
Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. If a firm like Isam Painting & Sand Blasting is able to get a $5,000 loan, why not give getting an SBA loan of your own a try?
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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Best Oakland, California Banks for Small Business
California SBA Bank Lenders
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