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Pawnee, Oklahoma Bank Gives SBA Loan to Kims International

A Pawnee, Oklahoma SBA loan can be yours. Learn how Kims International got a $750,000 business loan from this Oklahoma bank.

This loan to Kims International is a good example of an SBA loan. Security Bank made the loan and the SBA guaranteed a portion of the loan. Many other Oklahoma entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take.

SBA Loan Borrower

KIMS INTERNATIONAL
11516 E. 58TH STREET
TULSA, OK 74146

SBA Loan Lender

SECURITY BANK
551 HARRISON ST
PAWNEE, OK 74058

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide debt financing to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

332912 - Fluid Power Valve and Hose Fitting Manufacturing

Loan Approval Date

1/26/2004

Loan Approval Gross Amount

$750,000

Loan Approval from the SBA

Of the total $750,000 loan amount, the SBA guaranteed $562,500.

More Information on This SBA Loan

The borrower, Kims International, borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 4 employees. This SBA loan request did not indicate that the company planned to use the money to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

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.

This SBA loan was for $750,000. How would you spend $750,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at Kims International, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

About This SBA Loan Information:

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

Related Links:

Banking Deregulation's Effects on Entrepreneurship

Where to Get an SBA Loan in Pawnee, Oklahoma

Getting a Business Loan in Oklahoma

 

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