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| Entrepreneur Resources | Community Bank & Trust Company Tulsa Business Loans | ||||
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Raising Money in Tulsa, Oklahoma With SBA Loans
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Tulsa, Oklahoma Entrepreneur Gets a Small Business LoanOklahoma bank loans are available to Oklahoma firms through the SBA. In this case, an Oklahoma bank provides the loan.
By giving the right information to Community Bank & Trust Company, this Tulsa, Oklahoma business was able to get an SBA loan. To get this loan, T P M Enterprise Inc gave the lending institution and the SBA a clear description of what the loan proceeds would be used for and how they intended to pay the loan back. SBA Loan Borrower T P M ENTERPRISE INC SBA Loan Lender COMMUNITY BANK & TRUST COMPANY This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 524291 - Claims Adjusting Loan Approval Date 4/28/2006 Loan Approval Gross Amount $30,000 Loan Approval from the SBA Of the total $30,000 loan amount, the SBA guaranteed $15,000. More Information on This SBA Loan The borrower, T P M Enterprise Inc, borrowed this money for an existing 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 3 employees. This SBA loan request indicated that the loan would help retain 3 existing jobs. This loan was paid in full, and was closed out on 11/30/2007. Great, But How Can I Get an SBA Loan for My Business? SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan to T P M Enterprise 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: SBA 7A Banks for Tulsa, Oklahoma Loans Getting an SBA Loan 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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