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Business Loans for Tulsa Businesses

 

 
Gaebler Ventures is a business incubator, holding company, and private equity firm. We help entrepreneurs transform ideas and innovations into greatness.

How to Get a Loan for Concrete Product Manufacturing

Looking for business loans for concrete product manufacturing? Talk to a banker who works with the SBA. This $80,000 concrete product manufacturing loan was issued by an Oklahoma bank.

Getting a small business loan in Tulsa, Oklahoma was important for Petracast Concrete Products Ll back in 2005 and, based on their loan application, they were successful in getting an SBA loan from Rcb Bank, operating out of Claremore, Oklahoma. Here are the details on this Oklahoma small business loan.

SBA Loan Borrower

PETRACAST CONCRETE PRODUCTS LL
15549 E. PINE ST.
TULSA, OK 74116

SBA Loan Lender

RCB BANK
300 W PATTI PAGE BLVD
CLAREMORE, OK 74017

This was a Low Documentation SBA loan. The SBA created this program to limit the paperwork associated with borrowing money. The low-doc program involves completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Right now, the maximum small business loan for this SBA program is $100,000.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

327390 - Other Concrete Product Manufacturing

Loan Approval Date

3/18/2005

Loan Approval Gross Amount

$80,000

Loan Approval from the SBA

Of the total $80,000 loan amount, the SBA guaranteed $68,000.

More Information on This SBA Loan

The borrower, Petracast Concrete Products Ll, borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. The SBA loan documents did not indicate that the small business planned to use the loan proceeds to hire new employees or retain any existing employees. This loan was paid in full, and was closed out on 7/2/2007.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

We can help you find the best banks for small businesses in Tulsa or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

About This SBA Loan Information:

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

Related Links:

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SBA 7A Banks in Claremore, Oklahoma

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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.

 

 

 

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