Commercial Loans for Electrical Apparatus and Equipment, Wiring Supplies, and Construction Mater

With these commercial loans for electrical apparatus and equipment, wiring supplies, and construction mater, the SBA guarantees the lender that the loan will be repaid. This electrical apparatus and equipment, wiring supplies, and construction mater loan for $1,390,000 was given to an Oklahoma entrepreneur in 2004.

M W Bevins Co received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with Community Bank & Trust Company, out of Tulsa, Oklahoma. The loan was granted and they received $1,390,000 to help grow their Tulsa, Oklahoma business.

SBA Loan Borrower

M W BEVINS CO
9903 E 54TH ST
TULSA, OK 74146

SBA Loan Lender

COMMUNITY BANK & TRUST COMPANY
8908 S YALE, STE 100-91ST
TULSA, OK 74105

This lender processed this debt financing under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

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

421610 - Electrical Apparatus and Equipment, Wiring Supplies, and Construction Mater

Loan Approval Date

5/28/2004

Loan Approval Gross Amount

$1,390,000

Loan Approval from the SBA

Of the total $1,390,000 loan amount, the SBA guaranteed $695,000.

More Information on This SBA Loan

The borrower, M W Bevins Co, borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 18 employees. The SBA loan documents did not indicate that the business promised to use the funding to add employees or retain any existing employees. This loan was paid in full, and was closed out on 3/2/2007.

Start the Process for Getting an SBA Loan Today!

Every year, the SBA guarantees over $10 billion for loans just like this one.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. M W Bevins Co needed a loan. Community Bank & Trust Company probably wouldn't have granted the loan based on the merits of the company, but with the SBA stepping up and agreeing to guarantee part of the loan, Community Bank & Trust Company made the loan. The end result was that M W Bevins Co was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

About This SBA Loan Information:

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

Related Links:

The Friends and Family Network

Small Business Banks in Tulsa, Oklahoma

SBA Lenders in Oklahoma

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