Commercial Loans for Construction, Mining, and Forestry Machinery and Equipment Rental and Leasi
Looking for commercial loans for construction, mining, and forestry machinery and equipment rental and leasi? An SBA loan may be just what you've been looking for. This $50,000 construction, mining, and forestry machinery and equipment rental and leasi loan was issued by a Virginia bank.
Getting a small business loan in Tulsa, Oklahoma was important for American Rental And Sales, Inc back in 2004 and, based on their loan application, they were successful in getting an SBA loan from Capital One, operating out of Mclean, Virginia. Here are the details on this Oklahoma small business loan.
SBA Loan Borrower
American Rental And Sales, Inc
9517 E 54th Street
Tulsa, OK 74145
SBA Loan Lender
CAPITAL ONE
1680 CAPITAL ONE DR
MCLEAN, VA 22102
This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.
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
532412 - Construction, Mining, and Forestry Machinery and Equipment Rental and Leasi
Loan Approval Date
8/17/2004
Loan Approval Gross Amount
$50,000
Loan Approval from the SBA
Of the total $50,000 loan amount, the SBA guaranteed $25,000.
More Information on This SBA Loan
The borrower, American Rental And Sales, Inc, borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company
had 5 employees. The SBA loan documents did not indicate that the business planned to use the funding to add employees or retain any existing employees.
Next Steps for Getting an SBA Loan
SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.
American Rental And Sales, Inc got an SBA loan. You can too! Maybe you are raising money for operating expenses? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.
About This SBA Loan Information:
All SBA loan data displayed above comes from the government's SBA loan database.
Related Links:
Obtaining Funding From a Venture Capitalist
Who Lends Money to Small Businesses in Mclean, Virginia
Virginia SBA 7A Lenders
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