Tulsa, Oklahoma Business Gets SBA-Guaranteed Funding from First Bank Of Owasso

An SBA loan from First Bank Of Owasso typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Tulsa, Oklahoma business owner got a $148,300 loan.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Tulsa, Oklahoma was able to borrow $148,300 from First Bank Of Owasso. The SBA made the loan possible by guaranteeing $126,055 of this Oklahoma small business loan.

SBA Loan Borrower

WHISTLER OUTDOOR ADVERTISING I
8988 L S SHERIDAN BOX 189
TULSA, OK 74133

SBA Loan Lender

FIRST BANK OF OWASSO
102 W 2ND AVE
OWASSO, OK 74055

This was a Low Documentation SBA loan. The SBA started this program to limit the paperwork associated with borrowing money. The low-doc program requires completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Right now, the maximum small business loan for this SBA program is $100,000.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

541810 - Advertising Agencies

Loan Approval Date

11/22/2002

Loan Approval Gross Amount

$148,300

Loan Approval from the SBA

Of the total $148,300 loan amount, the SBA guaranteed $126,055.

More Information on This SBA Loan

The borrower, Whistler Outdoor Advertising I, 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 did not indicate that the SBA funding recipient promised to use the funding to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

Many small businesses receive loans backed by the U.S. Small Business Administration.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. Whistler Outdoor Advertising I needed a loan. First Bank Of Owasso probably wouldn't have granted the loan based on the merits of the company, but with the SBA stepping up and agreeing to guarantee part of the loan, First Bank Of Owasso made the loan. The end result was that Whistler Outdoor Advertising I was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

About This SBA Loan Information:

All SBA loan data displayed above comes from the government's SBA loan database.

Related Links:

Angel Investors

SBA Approved Banks in Owasso, Oklahoma

Oklahoma SBA 7A Lenders

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