The Single Choice LLC Gets an Oklahoma SBA Loan
Small business loans in Oklahoma are hard to find these days. We take a look at one Oklahoma small business loan, provided by a New York bank, that was approved by the SBA.
The Single Choice LLC, based in Tulsa, Oklahoma, offers a good example of how small businesses get financed. Taking advantage of the SBA's guaranteed loan program, they were able to get a loan from Business Loan Center, LLC. We've got the inside scoop on this Oklahoma small business loan.
SBA Loan Borrower
THE SINGLE CHOICE LLC
6016 S MEMORIAL
TULSA, OK 74145
SBA Loan Lender
BUSINESS LOAN CENTER, LLC
1633 BROADWAY, 39TH FL
NEW YORK, NY 10019
The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide business loans to to entrepreneurs who might have trouble getting a conventional bank loan.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
812990 - All Other Personal Services
Loan Approval Date
2/25/2005
Loan Approval Gross Amount
$25,000
Loan Approval from the SBA
Of the total $25,000 loan amount, the SBA guaranteed $21,250.
More Information on This SBA Loan
The borrower, The Single Choice LLC, borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company
had only one employee. This SBA loan request indicated that the loan would help retain 1 existing job.
Getting an SBA Loan For Your Business
If you are interested in getting money to start a business or need money to grow a business, an SBA loan can be a great funding source
Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like The Single Choice LLC did when it applied for and received this $25,000 loan. Remember, anyone can do it... so why not you?
About This SBA Loan Information:
All SBA loan data displayed above comes from the government's SBA loan database.
Related Links:
Understanding Dilution
Who Lends Money to Small Businesses in New York, New York
SBA Lenders in New York
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.