Regent Bank & Trust National As SBA Loan to James E. Mcnellie's Public Hou

Regent Bank & Trust National As and the SBA work together to get business loans for growing small businesses. Here's an example of how an Oklahoma entrepreneur was able to get a loan to take a small business to the next level.

Getting a small business loan in Tulsa, Oklahoma was an essential business goal for James E. Mcnellie's Public Hou back in 2005 and, based on their loan application, they were successful in getting an SBA loan from Regent Bank & Trust National As, operating out of Nowata, Oklahoma. Here are the details on this Oklahoma small business loan.

SBA Loan Borrower

JAMES E. MCNELLIE'S PUBLIC HOU
409 EAST 1ST STREET
TULSA, OK 74101

SBA Loan Lender

REGENT BANK & TRUST NATIONAL AS
105 N MAPLE ST
NOWATA, OK 74048

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This debt financing was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

7/29/2005

Loan Approval Gross Amount

$250,000

Loan Approval from the SBA

Of the total $250,000 loan amount, the SBA guaranteed $187,500.

More Information on This SBA Loan

The borrower, James E. Mcnellie's Public Hou, borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 30 employees. The SBA loan documents did not indicate that the business promised to use the funding to hire new employees or retain any existing employees. This loan was paid in full, and was closed out on 3/4/2008.

Getting an SBA Loan For Your Business

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

If James E. Mcnellie's Public Hou can get an SBA loan, there's no reason you can't get an SBA loan too. The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

About This SBA Loan Information:

All SBA loan data displayed above comes from the government's SBA loan database.

Related Links:

Obtaining Funding - Getting Venture Capital

Best Nowata, Oklahoma Banks for Small Business

SBA Lenders in Oklahoma

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