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| Entrepreneur Resources | Triad Bank Tulsa Business Loans | ||||
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Best Banks for Tulsa Businesses
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Where to Get Capital for Motor Vehicle Brake System ManufacturingLooking for small business loans for motor vehicle brake system manufacturing? Try the SBA. This $150,000 motor vehicle brake system manufacturing loan was issued by an Oklahoma bank.
Source Industries Inc knew how to go about getting a business bank loan. Based in Tulsa, Oklahoma, they applied for and were awarded an SBA-guaranteed loan in 2004. The lending bank was Triad Bank, based in Tulsa, Oklahoma. SBA Loan Borrower SOURCE INDUSTRIES INC SBA Loan Lender TRIAD BANK This lender issued this particular bank loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 336340 - Motor Vehicle Brake System Manufacturing Loan Approval Date 3/3/2004 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, Source Industries Inc, 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 5 employees. The SBA loan documents did not indicate that the business planned to use the money to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! 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. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. Source Industries Inc needed a loan. Triad 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, Triad Bank made the loan. The end result was that Source Industries Inc 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: Determining Proper Capital Structure for a Business Browse All Business Loan Sources for 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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