Community Bank & Trust Company SBA Loan to Pounds And Francs, Inc.

Community Bank & Trust Company is a source for SBA loans that have lower down payments and longer repayment terms than many other financing options. To help you understand SBA loans, we've featured one Oklahoma entrepreneur who tapped into the power of SBA loans.

Pounds And Francs, Inc. received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with Community Bank & Trust Company, out of Tulsa, Oklahoma. The loan was granted and they received $75,000 to help grow their Tulsa, Oklahoma business.

SBA Loan Borrower

POUNDS AND FRANCS, INC.
325 NORTH CHEYENNE
TULSA, OK 74103

SBA Loan Lender

COMMUNITY BANK & TRUST COMPANY
8908 S YALE, STE 100-91ST
TULSA, OK 74105

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

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

337214 - Office Furniture (except Wood) Manufacturing

Loan Approval Date

9/18/2001

Loan Approval Gross Amount

$75,000

Loan Approval from the SBA

Of the total $75,000 loan amount, the SBA guaranteed $63,750.

More Information on This SBA Loan

The borrower, Pounds And Francs, Inc., 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 45 employees. The SBA loan application for the borrower did not indicate that the company promised to use the money to increase staffing levels or retain any existing employees.

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

If you are wondering how to find money to start a business or already have a business and need money to expand, an SBA loan can be a great way to raise money

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Community Bank & Trust Company and they will explain how you can get an SBA loan for your company.

About This SBA Loan Information:

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

Related Links:

Determining Proper Capital Structure for a Business

Banks in Tulsa, Oklahoma

SBA Oklahoma Banks

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