Business Loan from Stillwater National Bank & Trust Given to Midtown Furniture

Stillwater National Bank & Trust has a track record as a leading provider of SBA loans. Find out how this Oklahoma entrepreneur received an SBA loan from them.

Getting a small business loan in Tulsa, Oklahoma was an essential business goal for Midtown Furniture back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Stillwater National Bank & Trust, operating out of Stillwater, Oklahoma. Here are the details on this Oklahoma small business loan.

SBA Loan Borrower

MIDTOWN FURNITURE
1425 S HARVARD
TULSA, OK 74112

SBA Loan Lender

STILLWATER NATIONAL BANK & TRUST
608 S MAIN
STILLWATER, OK 74074

The lender provided this SBA business 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

442110 - Furniture Stores

Loan Approval Date

9/29/2003

Loan Approval Gross Amount

$114,500

Loan Approval from the SBA

Of the total $114,500 loan amount, the SBA guaranteed $57,250.

More Information on This SBA Loan

The borrower, Midtown Furniture, borrowed this money for a new business. The SBA's record indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 2 employees. This SBA loan request indicated that the loan would help retain 2 existing jobs. This loan was paid in full, and was closed out on 6/9/2006.

Start the Process for Getting an SBA Loan Today!

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Stillwater National Bank & Trust are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

About This SBA Loan Information:

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

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