Tulsa, Oklahoma Entrepreneur Gets a Small Business Loan

Bank loans in Oklahoma are hard to find these days. We take a look at one Oklahoma bank loan, provided by a Texas bank, that was approved by the SBA.

Getting a small business loan in Tulsa, Oklahoma was a top priority for Music Fundamentals back in 2007 and, based on their loan application, they were successful in getting an SBA loan from Jpmorgan Chase Bank. Here are the details on this Oklahoma small business loan.

SBA Loan Borrower

Music Fundamentals
10619 E 27th St
TULSA, OK 74129

SBA Loan Lender

JPMORGAN CHASE BANK
811 RUSK ST., 16TH FL
HOUSTON, TX 77002

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

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

611699 - All Other Miscellaneous Schools and Instruction

Loan Approval Date

2/26/2007

Loan Approval Gross Amount

$25,300

Loan Approval from the SBA

Of the total $25,300 loan amount, the SBA guaranteed $12,650.

More Information on This SBA Loan

The borrower, Music Fundamentals, borrowed this money for an existing 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 only one employee. This SBA loan request indicated that the loan would help retain 1 existing job.

Getting an SBA Loan For Your Business

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Jpmorgan Chase Bank 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.

Related Links:

Understanding Dilution

Where to Get an SBA Loan in Houston, Texas

Texas SBA Banks

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.