Where to Get Capital for Home Centers

Looking for SBA loans for home centers? The SBA may be the answer. This $300,000 home centers loan was issued by an Oklahoma bank.

Leach's Hardware received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with Security Bank, out of Pawnee, Oklahoma. The loan was granted and they received $300,000 to help grow their Tulsa, Oklahoma business.

SBA Loan Borrower

LEACH'S HARDWARE
2700 WEST EDISON STREET
TULSA, OK 74127

SBA Loan Lender

SECURITY BANK
551 HARRISON ST
PAWNEE, OK 74058

This 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

444110 - Home Centers

Loan Approval Date

7/14/2004

Loan Approval Gross Amount

$300,000

Loan Approval from the SBA

Of the total $300,000 loan amount, the SBA guaranteed $225,000.

More Information on This SBA Loan

The borrower, Leach's Hardware, borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 4 employees. The SBA loan documents did not indicate that the company planned to use the funding to increase staffing levels or retain any existing employees.

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

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. If a firm like Leach's Hardware is able to get a $300,000 loan, why not give getting an SBA loan of your own a try?

About This SBA Loan Information:

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

Related Links:

The Art of Bootstrapping

Best Banks for Small Business in Pawnee, Oklahoma

Find an SBA Lender in Oklahoma

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