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| Entrepreneur Resources | American Bank And Trust Co. Tulsa Business Loans | ||||
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Oklahoma Small Business Loans from American Bank And Trust Co.
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SBA Loan from American Bank And Trust Co. Helps Quest Dance StopAmerican Bank And Trust Co. has a track record as a leading provider of SBA loans. Find out how this Oklahoma entrepreneur received an SBA loan from them.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Tulsa, Oklahoma was able to borrow $87,520 from American Bank And Trust Co.. The SBA made the loan possible by guaranteeing $65,640 of this Oklahoma small business loan. SBA Loan Borrower QUEST DANCE STOP SBA Loan Lender AMERICAN BANK AND TRUST CO. This lender issued this loan under the SBA 7A lending program , in which the SBA provides guaranteed loans to small business owners. This lending program began in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 448140 - Family Clothing Stores Loan Approval Date 8/31/2004 Loan Approval Gross Amount $87,520 Loan Approval from the SBA Of the total $87,520 loan amount, the SBA guaranteed $65,640. More Information on This SBA Loan The borrower, Quest Dance Stop, borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 7 employees. The loan application did not indicate that the small business planned to use the money to add employees or retain any existing employees. 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. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like Quest Dance Stop did when it applied for and received this $87,520 loan. Remember, you control your own destiny. About This SBA Loan Information: All SBA loan data displayed above comes from the government's SBA loan database. Related Links: Microlending as a Small Business Funding Source SBA 7A Lenders in Tulsa, Oklahoma 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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