Entrepreneur Works With Skiatook, Oklahoma Bank to Get an SBA Loan

Get to know Skiatook, Oklahoma banks that specialize in business loans and know how to work with entrepreneurs. The Exchange Bank is one such bank, as evidenced by this SBA loan to Juliano's Italian Kitchen LLC.

Finding a small business loan in Tulsa, Oklahoma starts with an understanding of who else has gotten loans in the area. In this case, Juliano's Italian Kitchen LLC received funding from The Exchange Bank Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

JULIANO'S ITALIAN KITCHEN LLC
4726 E 105TH ST
TULSA, OK 74017

SBA Loan Lender

THE EXCHANGE BANK
300 W ROGERS BLVD
SKIATOOK, OK 74070

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

10/9/2003

Loan Approval Gross Amount

$77,500

Loan Approval from the SBA

Of the total $77,500 loan amount, the SBA guaranteed $58,125.

More Information on This SBA Loan

The borrower, Juliano's Italian Kitchen LLC, 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 only one employee. The SBA loan documents did not indicate that the small business promised to use the loan proceeds to add employees or retain any existing employees.

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

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

If Juliano's Italian Kitchen LLC 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:

Small Business Credit Cards

Where to Get an SBA Loan in Skiatook, Oklahoma

Getting an SBA Loan in 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.