Nbanc SBA Loan to Sanford Brothers Company, Inc.

Nbanc and the SBA work together to get business loans for growing small businesses. Here's an example of how an Oklahoma entrepreneur was able to get a loan to take a small business to the next level.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Tulsa, Oklahoma was able to borrow $1,875,000 from Nbanc. The SBA made the loan possible by guaranteeing $993,750 of this Oklahoma small business loan.

SBA Loan Borrower

SANFORD BROTHERS COMPANY, INC.
533 S. ROCKFORD
TULSA, OK 74120

SBA Loan Lender

NBANC
7127 S RIVERSIDE DR
TULSA, OK 74136

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide commercial loans to to entrepreneurs who might have trouble getting a conventional bank loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

235940 - Wrecking and Demolition Contractors

Loan Approval Date

4/14/2003

Loan Approval Gross Amount

$1,875,000

Loan Approval from the SBA

Of the total $1,875,000 loan amount, the SBA guaranteed $993,750.

More Information on This SBA Loan

The borrower, Sanford Brothers Company, 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 21 employees. This SBA loan request did not indicate that the business planned to use the loan proceeds to increase staffing levels or retain any existing employees.

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

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

We can help you find the best banks for small businesses in Tulsa or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

About This SBA Loan Information:

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

Related Links:

Advice on Getting a Small Business Loan

SBA 7A Banks for Tulsa, Oklahoma Loans

Oklahoma SBA 7A Lenders

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