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| Entrepreneur Resources | Umb Bank Kansas City Business Loans | ||||
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SBA Lender Tulsa Oklahoma
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Zella's Gets an Oklahoma Business LoanSmall business loans in Oklahoma are tough to come by these days. We take a look at one Oklahoma small business loan, provided by a Missouri bank, that was approved by the SBA.
By giving the right information to Umb Bank, this Tulsa, Oklahoma business was able to get an SBA loan. To get this loan, Zella's 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 ZELLA'S SBA Loan Lender UMB BANK The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide loans to to entrepreneurs who might have trouble getting a conventional bank loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 448120 - Women's Clothing Stores Loan Approval Date 6/21/2005 Loan Approval Gross Amount $100,300 Loan Approval from the SBA Of the total $100,300 loan amount, the SBA guaranteed $85,255. More Information on This SBA Loan The borrower, Zella's, borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the loan proceeds to add employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. 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 Zella's walked into Umb Bank 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: Small Business Banks in Kansas City, Missouri 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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