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May 8, 2024 |
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| Home > Small Business Lenders by State > Oklahoma Business Loan Sources > Tulsa, Business Loans > Onb Bank And Trust Company Tulsa Business Loans > Railroad Rolling Stock Manufacturing Loan | ||||
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SBA 7A Banks in Oklahoma
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Financing for Railroad Rolling Stock ManufacturingLooking for loans for railroad rolling stock manufacturing? Talk to a banker who works with the SBA. This $878,000 railroad rolling stock manufacturing loan was issued by an Oklahoma bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Muskogee, Oklahoma was able to borrow $878,000 from Onb Bank And Trust Company. The SBA made the loan possible by guaranteeing $658,500 of this Oklahoma small business loan. SBA Loan Borrower COMPANY TYPE: RAILROAD ROLLING STOCK MANUFACTURING SBA Loan Lender ONB BANK AND TRUST COMPANY This lender issued this loan for a small business under the SBA 7A lending program , in which the SBA provides guaranteed loans to small business owners. This lending program began 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 336510 - Railroad Rolling Stock Manufacturing Loan Approval Date 12/9/2005 Loan Approval Gross Amount $878,000 Loan Approval from the SBA Of the total $878,000 loan amount, the SBA guaranteed $658,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 26 employees. This SBA loan request did not indicate that the small business planned to use the loan proceeds to add employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. About This SBA Loan Information: All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ. Related Links: Role of Business Plan When Raising Money SBA Approved Banks in Tulsa, Oklahoma
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