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| Entrepreneur Resources | Triad Bank Tulsa Business Loans | ||||
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Getting a Business Loan in Tulsa, Oklahoma
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Oklahoma SBA Loan Issued to Jss Power Solutions, L.L.C.Small business loans in Oklahoma are hard to find these days. We take a look at one Oklahoma small business loan, provided by an Oklahoma bank, that was approved by the SBA.
Getting a small business loan in Tulsa, Oklahoma was a top priority for Jss Power Solutions, L.L.C. back in 2005 and, based on their loan application, they were successful in getting an SBA loan from Triad Bank. Here are the details on this Oklahoma small business loan. SBA Loan Borrower JSS POWER SOLUTIONS, L.L.C. SBA Loan Lender TRIAD BANK This SBA business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 421830 - Industrial Machinery and Equipment Wholesalers Loan Approval Date 11/28/2005 Loan Approval Gross Amount $350,000 Loan Approval from the SBA Of the total $350,000 loan amount, the SBA guaranteed $262,500. More Information on This SBA Loan The borrower, Jss Power Solutions, L.L.C., borrowed this money for a new business. The SBA's record indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 2 employees. The SBA loan documents did not indicate that the company promised to use the loan proceeds to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as Jss Power Solutions, L.L.C. walked into Triad Bank and applied for an SBA loan, you have to do the same thing. The sooner you start, the faster you'll get the money! About This SBA Loan Information: All SBA loan data displayed above comes from the government's SBA loan database. Related Links: SBA 7A Banks for Tulsa, Oklahoma Loans 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.
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