Tulsa, Oklahoma Entrepreneur Gets a Business Loan

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

Pipeline Equip/specialty Prod., based in Tulsa, Oklahoma, offers a good example of how small businesses get financed. Taking advantage of the SBA's guaranteed loan program, they were able to get a loan from Triad Bank. We've got the inside scoop on this Oklahoma small business loan.

SBA Loan Borrower

PIPELINE EQUIP/SPECIALTY PROD.
8403 S. 89TH WEST AVENUE
TULSA, OK 74131

SBA Loan Lender

TRIAD BANK
7666 E 61ST ST, STE 150
TULSA, OK 74133

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This commercial loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3356 - Rolling, Drawing, and Extruding of Nonferrous Meta

NAICS Code

331491 - Nonferrous Metal (except Copper and Aluminum) Rolling, Drawing, and Extrudi

Loan Approval Date

5/11/2004

Loan Approval Gross Amount

$750,000

Loan Approval from the SBA

Of the total $750,000 loan amount, the SBA guaranteed $675,000.

More Information on This SBA Loan

The borrower, Pipeline Equip/specialty Prod., 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 21 employees. The loan application did not indicate that the business planned to use the money to increase staffing levels or retain any existing employees. This loan was paid in full, and was closed out on 1/9/2006.

Start the Process for Getting an SBA Loan Today!

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

This SBA loan was for $750,000. How would you spend $750,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at Pipeline Equip/specialty Prod., may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

About This SBA Loan Information:

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

Related Links:

A Company That Helps Entrepreneurs

Best Banks in Tulsa, Oklahoma

Oklahoma SBA Bank Lenders

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.