Oklahoma Small Business Loan Issued to Warren C. Fisher, Cpa & Associ

Would an Oklahoma SBA loan help your business get to the next level? If so, you may want to talk with this Oklahoma bank, which offers SBA loans to Oklahoma entrepreneurs.

By giving the right information to Spiritbank, this Tulsa, Oklahoma business was able to get an SBA loan. To get this loan, Warren C. Fisher, Cpa & Associ 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

WARREN C. FISHER, CPA & ASSOCI
5727 S LEWIS AVENUE, SUITE 7
TULSA, OK 74105

SBA Loan Lender

SPIRITBANK
9618 S MEMORIAL
TULSA, OK 74133

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

8721 - Accounting, Auditing, and Bookkeeping Services

NAICS Code

541211 - Offices of Certified Public Accountants

Loan Approval Date

1/12/2001

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

More Information on This SBA Loan

The borrower, Warren C. Fisher, Cpa & Associ, borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 7 employees. The SBA loan documents did not indicate that the business planned to use the money to add employees or retain any existing employees. This loan was paid in full, and was closed out on 11/2/2007.

Next Steps for Getting an SBA Loan

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

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 Warren C. Fisher, Cpa & Associ walked into Spiritbank 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:

Business Incubators

Who Lends Money to Small Businesses in Tulsa, Oklahoma

Oklahoma SBA 7A Lenders

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