Tulsa, Oklahoma Entrepreneur Gets a Bank Loan

Oklahoma SBA loans are available to Oklahoma entrepreneurs through the SBA. In this case, a California bank provides the loan.

Getting a small business loan in Tulsa, Oklahoma was a top priority for Medsupport LLC back in 2004 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

MEDSUPPORT LLC
2326 S GARNETT RD SUITE L
TULSA, OK 74129

SBA Loan Lender

INNOVATIVE BANK
360 14TH ST
OAKLAND, CA 94612

This lender issued this SBA bank loan under the SBA's 7A loan, in which the SBA provides guaranteed loans to small business owners. This lending program was started in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

485991 - Special Needs Transportation

Loan Approval Date

2/11/2004

Loan Approval Gross Amount

$5,000

Loan Approval from the SBA

Of the total $5,000 loan amount, the SBA guaranteed $4,250.

More Information on This SBA Loan

The borrower, Medsupport LLC, borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 11 employees. The SBA loan documents indicated that the loan would help generate 1 new job and retain 11 existing jobs.

Next Steps for Getting an SBA Loan

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 Medsupport LLC walked into Innovative Bank 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.

Related Links:

Equity Financing

SBA 7A Banks for Oakland, California Loans

SBA California Lenders

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