Oklahoma Business Loan Issued to Source One Funding, Inc.
Oklahoma small business loans are available to Oklahoma small business owners through the SBA. In this case, a Florida bank provides the loan.
Source One Funding, Inc., based in Tulsa, Oklahoma, offers a good example of how small businesses get financed. Taking advantage of the SBA's guaranteed loan program, they were able to get a loan from Business Loan Center, LLC. We've got the inside scoop on this Oklahoma small business loan.
SBA Loan Borrower
Source One Funding, Inc.
5800 E. Skelly Dr. # 575
Tulsa, OK 74135
SBA Loan Lender
BUSINESS LOAN CENTER, LLC
415 BECKRICH RD., STE 250
PANAMA CITY BEACH, FL 32407
This lender issued this bank loan under the 7A SBA program, in which the SBA provides guaranteed loans to small business owners. This lending program was started in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
522310 - Mortgage and Nonmortgage Loan Brokers
Loan Approval Date
1/17/2007
Loan Approval Gross Amount
$25,000
Loan Approval from the SBA
Of the total $25,000 loan amount, the SBA guaranteed $21,250.
More Information on This SBA Loan
The borrower, Source One Funding, Inc., borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company
had 15 employees. The SBA loan documents indicated that the loan would help generate 10 new jobs and retain 15 existing jobs.
Start the Process for Getting an SBA Loan Today!
SBA loans provide smart, affordable business financing for small businesses looking to expand.
Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. If a firm like Source One Funding, Inc. is able to get a $25,000 loan, why not give getting an SBA loan of your own a try?
About This SBA Loan Information:
All SBA loan data displayed above comes from the government's SBA loan database.
Related Links:
Microlending as a Small Business Funding Source
Who Lends Money to Small Businesses in Panama City Beach, Florida
Getting an SBA Loan in Florida
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