Straightline Distributing Gets an Oklahoma SBA Loan

Want an Oklahoma business loan? This Oklahoma entrepreneur got a business loan, provided by an Oklahoma bank that works with the SBA to help small business owners.

Getting a small business loan in Tulsa, Oklahoma was a top priority for Straightline Distributing back in 2002 and, based on their loan application, they were successful in getting an SBA loan from Spiritbank. Here are the details on this Oklahoma small business loan.

SBA Loan Borrower

STRAIGHTLINE DISTRIBUTING
6310 S 72ND E PLACE
TULSA, OK 74133

SBA Loan Lender

SPIRITBANK
9618 S MEMORIAL
TULSA, OK 74133

This lender issued this particular SBA 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

444130 - Hardware Stores

Loan Approval Date

7/25/2002

Loan Approval Gross Amount

$89,000

Loan Approval from the SBA

Of the total $89,000 loan amount, the SBA guaranteed $75,650.

More Information on This SBA Loan

The borrower, Straightline Distributing, 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 2 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the funding to increase staffing levels or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

If you need money to start a business or already have a business and need money to expand, an SBA loan can be a great source of funding.

Your solution for where to find money to start a business may be an SBA guaranteed loan. Straightline Distributing recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

About This SBA Loan Information:

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

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