 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
|
|
|
|
||
| Entrepreneur Resources | Bank Of America Charlotte Business Loans | ||||
 |
||||
Who Lends Money to Tulsa Small Business Owners
|
||||
 |
Joe's Auto Repair Gets an Oklahoma Small Business LoanSearching for an Oklahoma business loan? This Oklahoma entrepreneur got a business loan, provided by a North Carolina bank that works with the SBA to help small business owners.
Joe's Auto Repair, based in Tulsa, Oklahoma, offers a good example of how small businesses get financed. Taking advantage of the SBA's guaranteed loan program, they were able to get a loan from Bank Of America. We've got the inside scoop on this Oklahoma small business loan. SBA Loan Borrower Joe's Auto Repair SBA Loan Lender BANK OF AMERICA This debt financing was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours. 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 811111 - General Automotive Repair Loan Approval Date 10/10/2006 Loan Approval Gross Amount $8,900 Loan Approval from the SBA Of the total $8,900 loan amount, the SBA guaranteed $4,450. More Information on This SBA Loan The borrower, Joe's Auto Repair, borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had only one employee. The SBA loan application for the borrower indicated that the loan would help retain 1 existing job. Getting an SBA Loan For Your Business SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory. There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower. Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today! About This SBA Loan Information: All SBA loan data displayed above comes from the government's SBA loan database. Related Links: Obtaining Funding - Friends and Family Who Lends Money to Small Businesses in Charlotte, North Carolina North Carolina SBA Bank Lenders 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.
|
|
||
|
||||
|
|
||||
