Entrepreneur Works With Tulsa, Oklahoma Bank to Get an SBA Loan

Get to know Tulsa, Oklahoma banks that specialize in business loans and know how to work with entrepreneurs. Spiritbank is one such bank, as evidenced by this SBA loan to Prolog G.S..

Finding a small business loan in Tulsa, Oklahoma starts with an understanding of who else has gotten loans in the area. In this case, Prolog G.S. received funding from Spiritbank Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

PROLOG G.S.
1315 NORTH 108TH E. AVENUE
TULSA, OK 74116

SBA Loan Lender

SPIRITBANK
9618 S MEMORIAL
TULSA, OK 74133

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

4789 - Transportation Services, N.E.C.

NAICS Code

484121 - General Freight Trucking, Long Distance, Truckload

Loan Approval Date

3/23/2001

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

More Information on This SBA Loan

The borrower, Prolog G.S., borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 6 employees. This SBA loan request did not indicate that the small business planned to use the money to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

Many small businesses receive loans backed by the U.S. Small Business Administration.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. If a firm like Prolog G.S. is able to get a $150,000 loan, why not give getting an SBA loan of your own a try?

About This SBA Loan Information:

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

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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.