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| Entrepreneur Resources | International Bank Of Commerce Oklahoma City Business Loans | ||||
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Examples of Tulsa SBA Loans
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Beauty Salons SBA LoansLooking for SBA loans for beauty salons? An SBA loan may be just what you've been looking for. This $29,500 beauty salons 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 $29,500 from International Bank Of Commerce. The SBA made the loan possible by guaranteeing $14,750 of this Oklahoma small business loan. SBA Loan Borrower Tyson Family Salon, Inc. SBA Loan Lender INTERNATIONAL BANK OF COMMERCE This lender processed this bank loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis. 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 812112 - Beauty Salons Loan Approval Date 5/16/2005 Loan Approval Gross Amount $29,500 Loan Approval from the SBA Of the total $29,500 loan amount, the SBA guaranteed $14,750. More Information on This SBA Loan The borrower, Tyson Family Salon, 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 2 employees. This SBA loan request indicated that the loan would help retain 2 existing jobs. Great, But How Can I Get an SBA Loan for My Business? Every year, the SBA guarantees over $10 billion for loans just like this one. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as Tyson Family Salon, Inc. walked into International Bank Of Commerce and applied for an SBA loan, you have to do the same thing. The sooner you start, the faster you'll get the money! About This SBA Loan Information: All SBA loan data displayed above comes from the government's SBA loan database. Related Links: Who Lends Money to Small Businesses in Oklahoma City, 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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