Durant, Oklahoma Bank Lends Money to John Collis Agency, Inc. in Tulsa, Oklahoma

Find Durant, Oklahoma banks that specialize in business loans and know how to work with entrepreneurs. First United Bank & Trust is one such bank, as evidenced by this SBA loan to John Collis Agency, Inc..

Finding a small business loan in Tulsa, Oklahoma starts with an understanding of who else has gotten loans in the area. In this case, John Collis Agency, Inc. received funding from First United Bank & Trust Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

JOHN COLLIS AGENCY, INC.
4820 S. UNION
TULSA, OK 74107

SBA Loan Lender

FIRST UNITED BANK & TRUST
1400 W MAIN ST
DURANT, OK 74701

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

524210 - Insurance Agencies and Brokerages

Loan Approval Date

4/28/2005

Loan Approval Gross Amount

$300,000

Loan Approval from the SBA

Of the total $300,000 loan amount, the SBA guaranteed $150,000.

More Information on This SBA Loan

The borrower, John Collis Agency, Inc., 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. The SBA loan documents indicated that the loan would help generate 1 new job and retain 3 existing jobs.

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

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

We've showcased information on this loan to John Collis Agency, Inc. to let you know that businesses like yours can get an SBA loan.

About This SBA Loan Information:

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

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