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| Entrepreneur Resources | Innovative Bank Oakland Business Loans | ||||
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Oklahoma Small Business SBA Loans
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Innovative Bank Gives Business Loan to Lancorp, Inc.Small business loans in Oklahoma are are few and far betweeen these days. We take a look at one Oklahoma small business loan, provided by a California bank, that was approved by the SBA.
Getting a small business loan in Tulsa, Oklahoma was a top priority for Lancorp, Inc. back in 2008 and, based on their loan application, they were successful in getting an SBA loan from Innovative Bank. Here are the details on this Oklahoma small business loan. SBA Loan Borrower Lancorp, Inc. SBA Loan Lender INNOVATIVE 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 541613 - Marketing Consulting Services Loan Approval Date 1/4/2008 Loan Approval Gross Amount $20,000 Loan Approval from the SBA Of the total $20,000 loan amount, the SBA guaranteed $17,000. More Information on This SBA Loan The borrower, Lancorp, Inc., borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. This SBA loan request indicated that the loan would help generate 2 new jobs and retain 2 existing jobs. Great, But How Can I Get an SBA Loan for My Business? SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like Lancorp, Inc. did when it applied for and received this $20,000 loan. Remember, fight for what you want, and it will be yours! 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 Best Banks in Oakland, California 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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