Business Loans for Hobby, Toy, and Game Stores

With these business loans for hobby, toy, and game stores, the SBA guarantees the lender that the loan will be repaid. This hobby, toy, and game stores loan for $150,000 was given to an Oklahoma entrepreneur in 2005.

Getting a small business loan in Tulsa, Oklahoma was important for Scraphappy's back in 2005 and, based on their loan application, they were successful in getting an SBA loan from Security Bank, operating out of Pawnee, Oklahoma. Here are the details on this Oklahoma small business loan.

SBA Loan Borrower

SCRAPHAPPY'S
6227 E 99TH ST
TULSA, OK 74137

SBA Loan Lender

SECURITY BANK
551 HARRISON ST
PAWNEE, OK 74058

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This bank loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

451120 - Hobby, Toy, and Game Stores

Loan Approval Date

2/7/2005

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, Scraphappy's, borrowed this money for a new 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 7 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. Scraphappy's needed a loan. Security Bank probably wouldn't have granted the loan based on the merits of the company, but with the SBA stepping up and agreeing to guarantee part of the loan, Security Bank made the loan. The end result was that Scraphappy's was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

About This SBA Loan Information:

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

Related Links:

SBIR Funding

Where to Get an SBA Loan in Pawnee, Oklahoma

Oklahoma SBA 7A Lenders

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