SBA Loan from Bank - Oklahoma Helps Despain, Inc. Dba X-Clusive Collision & To

An SBA loan from Bank - Oklahoma typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Yukon, Oklahoma business owner got a $636,500 loan.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Yukon, Oklahoma was able to borrow $636,500 from Bank - Oklahoma. The SBA made the loan possible by guaranteeing $477,375 of this Oklahoma small business loan.

SBA Loan Borrower

DeSpain, Inc. dba X-Clusive Collision & To
505 S. Ranchwood
Yukon, OK 73099

SBA Loan Lender

BANK - OKLAHOMA
ONE WILLIAMS CTR
TULSA, OK 74172

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

811121 - Automotive Body, Paint, and Interior Repair and Maintenance

Loan Approval Date

8/1/2007

Loan Approval Gross Amount

$636,500

Loan Approval from the SBA

Of the total $636,500 loan amount, the SBA guaranteed $477,375.

More Information on This SBA Loan

The borrower, Despain, Inc. Dba X-Clusive Collision & To, borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 20 employees. The loan application indicated that the loan would help retain 20 existing jobs.

Next Steps for Getting an SBA Loan

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

If Despain, Inc. Dba X-Clusive Collision & To can get an SBA loan, there's no reason you can't get an SBA loan too. The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

About This SBA Loan Information:

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

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