Financing for Store Retailers
Looking for commercial loans for store retailers? An SBA loan may be just what you've been looking for. This $249,000 store retailers loan was issued by an Oklahoma bank.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Tulsa, Oklahoma was able to borrow $249,000 from Stillwater National Bank & Trust. The SBA made the loan possible by guaranteeing $186,750 of this Oklahoma small business loan.
SBA Loan Borrower
TULSA FEED INC
1780 N YALE AVE
TULSA, OK 74115
SBA Loan Lender
STILLWATER NATIONAL BANK & TRUST
608 S MAIN
STILLWATER, OK 74074
Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
453998 - All Other Miscellaneous Store Retailers (except Tobacco Stores)
Loan Approval Date
1/25/2002
Loan Approval Gross Amount
$249,000
Loan Approval from the SBA
Of the total $249,000 loan amount, the SBA guaranteed $186,750.
More Information on This SBA Loan
The borrower, Tulsa Feed 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 4 employees. The loan application indicated that the loan would help retain 4 existing jobs.
Getting an SBA Loan For Your Business
SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.
Your solution for where to find money to start a business may be an SBA guaranteed loan. Tulsa Feed Inc 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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