Broken Arrow, Oklahoma Lender Lends Money to Scfm Compressions Systems Co.

Find Broken Arrow, Oklahoma banks that specialize in business loans and know how to work with entrepreneurs. 1st National Bank & Trust - Broken is one such bank, as evidenced by this SBA loan to Scfm Compressions Systems Co..

Finding a small business loan in Tulsa, Oklahoma starts with an understanding of who else has gotten loans in the area. In this case, Scfm Compressions Systems Co. received funding from 1st National Bank & Trust - Broken Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

SCFM COMPRESSIONS SYSTEMS CO.
3701 S MAYBELLE AVE.
TULSA, OK 74107

SBA Loan Lender

1ST NATIONAL BANK & TRUST - BROKEN
121 S MAIN
BROKEN ARROW, OK 74012

This lender issued this commercial loan under the SBA's 7A loan, 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

333132 - Oil and Gas Field Machinery and Equipment Manufacturing

Loan Approval Date

6/7/2001

Loan Approval Gross Amount

$300,000

Loan Approval from the SBA

Of the total $300,000 loan amount, the SBA guaranteed $225,000.

More Information on This SBA Loan

The borrower, Scfm Compressions Systems Co., borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 30 employees. The loan application did not indicate that the small business planned to use the money to increase staffing levels or retain any existing employees. This loan was paid in full, and was closed out on 5/3/2005.

Next Steps for Getting an SBA Loan

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

Scfm Compressions Systems Co. got an SBA loan. You can too! Maybe you are raising money for operating expenses? Maybe you need money to buy a business? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

About This SBA Loan Information:

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

Related Links:

How to Raise Money

SBA Approved Banks in Broken Arrow, Oklahoma

Getting a Business Loan in Oklahoma

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