Commercial Loans for Tire Dealers
Looking for commercial loans for tire dealers? The SBA may be the answer. This $401,400 tire dealers loan was issued by an Oklahoma bank.
Getting a small business loan in Tulsa, Oklahoma was important for Tulsa Tire Specialists back in 2002 and, based on their loan application, they were successful in getting an SBA loan from Security Bank, operating out of Pawnee, Oklahoma. Here are the details on this Oklahoma small business loan.
SBA Loan Borrower
TULSA TIRE SPECIALISTS
2515 S. SHERIDAN
TULSA, OK 74123
SBA Loan Lender
SECURITY BANK
551 HARRISON ST
PAWNEE, OK 74058
This lender issued this loan for a small business under the SBA's 7A loan, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 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.
NAICS Code
441320 - Tire Dealers
Loan Approval Date
6/26/2002
Loan Approval Gross Amount
$401,400
Loan Approval from the SBA
Of the total $401,400 loan amount, the SBA guaranteed $301,050.
More Information on This SBA Loan
The borrower, Tulsa Tire Specialists, 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 7 employees. The loan application did not indicate that the company promised to use the funding to add employees or retain any existing employees. This loan was paid in full, and was closed out on 5/2/2006.
Great, But How Can I Get an SBA Loan for My Business?
The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.
Tulsa Tire Specialists got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you need money to buy a business? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.
About This SBA Loan Information:
All SBA loan data displayed above comes from the government's SBA loan database.
Related Links:
How to Raise Money
Good Banks for Small Business in Pawnee, Oklahoma
Getting an SBA Loan in Oklahoma
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