Charlotte, North Carolina Bank Lends Money to M & M Mechanical Contractors I in Tulsa, Oklahoma

Get to know Charlotte, North Carolina banks that specialize in small business loans and know how to work with entrepreneurs. Bank Of America is one such bank, as evidenced by this SBA loan to M & M Mechanical Contractors I.

Finding a small business loan in Tulsa, Oklahoma starts with an understanding of who else has gotten loans in the area. In this case, M & M Mechanical Contractors I received funding from Bank Of America Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

M & M MECHANICAL CONTRACTORS I
9310 E 92ND PLACE
TULSA, OK 74133

SBA Loan Lender

BANK OF AMERICA
100 N TRYON ST
CHARLOTTE, NC 28255

The lender provided this SBA loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

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

561499 - All Other Business Support Services

Loan Approval Date

1/24/2001

Loan Approval Gross Amount

$64,000

Loan Approval from the SBA

Of the total $64,000 loan amount, the SBA guaranteed $32,000.

More Information on This SBA Loan

The borrower, M & M Mechanical Contractors I, borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 3 employees. The loan application indicated that the loan would help generate 8 new jobs and retain 3 existing jobs. This loan was paid in full, and was closed out on 2/22/2007.

Start the Process for Getting an SBA Loan Today!

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as M & M Mechanical Contractors I walked into Bank Of America and applied for an SBA loan, you have to do the same thing. The sooner you start, the faster you'll get the money!

About This SBA Loan Information:

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

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