Entrepreneur Works With Stillwater, Oklahoma Bank to Get an SBA Loan

Get to know Stillwater, Oklahoma banks that specialize in SBA loans and know how to work with entrepreneurs. Stillwater National Bank & Trust is one such bank, as evidenced by this SBA loan to Zippy Clean Car Wash.

Finding a small business loan in Tulsa, Oklahoma starts with an understanding of who else has gotten loans in the area. In this case, Zippy Clean Car Wash received funding from Stillwater National Bank & Trust Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

ZIPPY CLEAN CAR WASH
6061 S. 33RD W. AVE.
TULSA, OK 74107

SBA Loan Lender

STILLWATER NATIONAL BANK & TRUST
608 S MAIN
STILLWATER, OK 74074

This loan was issued under the SBA's Certified Lenders Program (CLP), which means that this bank has a successful SBA lending track record and are well trained in SBA loan requirements.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7542 - Carwashes

NAICS Code

811192 - Car Washes

Loan Approval Date

5/23/2002

Loan Approval Gross Amount

$82,500

Loan Approval from the SBA

Of the total $82,500 loan amount, the SBA guaranteed $70,125.

More Information on This SBA Loan

The borrower, Zippy Clean Car Wash, 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 only one employee. The SBA loan documents did not indicate that the company planned to use the loan proceeds to increase staffing levels or retain any existing employees. This loan was paid in full, and was closed out on 3/31/2005.

Start the Process for Getting an SBA Loan Today!

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. Zippy Clean Car Wash needed a loan. Stillwater National Bank & Trust 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, Stillwater National Bank & Trust made the loan. The end result was that Zippy Clean Car Wash 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:

Alternative Financing

Best Banks for Small Business in Stillwater, Oklahoma

Getting a Business Loan in Oklahoma

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