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| Entrepreneur Resources | Midfirst Bank Oklahoma City Business Loans | ||||
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I Need a Business Loan in Tulsa, Oklahoma
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SBA Loans for Clothing StoresLooking for SBA loans for clothing stores? Try the SBA. This $350,000 clothing stores loan was issued by an Oklahoma bank.
Getting a small business loan in Tulsa, Oklahoma was important for Sports Fan-Attic, Inc. back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Midfirst Bank, operating out of Oklahoma City, Oklahoma. Here are the details on this Oklahoma small business loan. SBA Loan Borrower SPORTS FAN-ATTIC, INC. SBA Loan Lender MIDFIRST BANK This lender issued this SBA business loan under the SBA 7A lending program , in which the SBA provides guaranteed loans to small business owners. This lending program was started 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. SIC Code 5699 - Miscellaneous Apparel and Accessory Stores NAICS Code 448190 - Other Clothing Stores Loan Approval Date 6/18/2003 Loan Approval Gross Amount $350,000 Loan Approval from the SBA Of the total $350,000 loan amount, the SBA guaranteed $210,000. More Information on This SBA Loan The borrower, Sports Fan-Attic, Inc., 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 only one employee. The loan application did not indicate that the company promised to use the funding to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing. While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan to Sports Fan-Attic, Inc. shows that any business with ambition and the right qualifications can get an SBA loan. About This SBA Loan Information: All SBA loan data displayed above comes from the government's SBA loan database. Related Links: Obtaining Funding - How to Decide How Much to Raise Where to Get an SBA Loan in Oklahoma City, 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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