Watch, Clock, and Part Manufacturing SBA Loans

Looking for SBA loans for watch, clock, and part manufacturing? An SBA loan may be just what you've been looking for. This $65,000 watch, clock, and part manufacturing loan was issued by an Oklahoma bank.

Getting a small business loan in Tulsa, Oklahoma was important for S & S Time Corp back in 2007 and, based on their loan application, they were successful in getting an SBA loan from First Bank Of Owasso, operating out of Owasso, Oklahoma. Here are the details on this Oklahoma small business loan.

SBA Loan Borrower

S & S TIME CORP
1381 N 108TH E AVE
TULSA, OK 74116

SBA Loan Lender

FIRST BANK OF OWASSO
102 W 2ND AVE
OWASSO, OK 74055

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

334518 - Watch, Clock, and Part Manufacturing

Loan Approval Date

10/4/2007

Loan Approval Gross Amount

$65,000

Loan Approval from the SBA

Of the total $65,000 loan amount, the SBA guaranteed $32,500.

More Information on This SBA Loan

The borrower, S & S Time Corp, borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 32 employees. The loan application indicated that the loan would help retain 32 existing jobs.

Next Steps for Getting an SBA Loan

Every year, the SBA guarantees over $10 billion for loans just like this one.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like First Bank Of Owasso that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

About This SBA Loan Information:

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

Related Links:

VC Firms on Twitter

SBA 7A Banks for Owasso, Oklahoma Loans

SBA Oklahoma 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.