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| Entrepreneur Resources | Community Bank & Trust Company Tulsa Business Loans | ||||
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SBA 7A Banks for Tulsa, Oklahoma Entrepreneurs
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Rubber Product Manufacturing for Mechanical Use Business LoansLooking for business loans for rubber product manufacturing for mechanical use? The SBA may be the answer. This $750,000 rubber product manufacturing for mechanical use loan was issued by an Oklahoma bank.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Tulsa, Oklahoma was able to borrow $750,000 from Community Bank & Trust Company. The SBA made the loan possible by guaranteeing $562,500 of this Oklahoma small business loan. SBA Loan Borrower SEAHAWK MANUFACTURING SBA Loan Lender COMMUNITY BANK & TRUST COMPANY This commercial loan was financed by an SBA Certified Lenders Program (CLP) lender. CLP lenders perform a complete analysis of the loan application and, in return, SBA provides a rapid loan approval or denial response. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 326291 - Rubber Product Manufacturing for Mechanical Use Loan Approval Date 1/6/2006 Loan Approval Gross Amount $750,000 Loan Approval from the SBA Of the total $750,000 loan amount, the SBA guaranteed $562,500. More Information on This SBA Loan The borrower, Seahawk Manufacturing, borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 10 employees. This SBA loan request did not indicate that the small business promised to use the money to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business SBA loans provide money to small business owners for working capital for other expenses. There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower. Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today! About This SBA Loan Information: All SBA loan data displayed above comes from the government's SBA loan database. Related Links: Raising VC Money for Social Networking Companies Best Banks for Small Business in Tulsa, Oklahoma SBA Participating Banks in 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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