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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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Tulsa Bank Loan
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Entrepreneur Works With Tulsa, Oklahoma Bank to Get an SBA LoanWant to talk with a Tulsa, Oklahoma bank about an SBA loan? Here's one Oklahoma business loan, issued by a Tulsa bank, that was approved by the SBA. Applying for an SBA loan with Onb Bank And Trust Company worked out well for our friends at one local business in Muskogee, Oklahoma. The business was able to get an SBA loan for $683,000. Awesome! SBA Loan Borrower COMPANY TYPE: RAILROAD ROLLING STOCK MANUFACTURING SBA Loan Lender ONB BANK AND TRUST COMPANY The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide bank loans to to our country's hard-working small business owners. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 336510 - Railroad Rolling Stock Manufacturing Loan Approval Date 12/12/2005 Loan Approval Gross Amount $683,000 Loan Approval from the SBA Of the total $683,000 loan amount, the SBA guaranteed $512,250. More Information on This SBA Loan The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 26 employees. The loan application did not indicate that the small business planned to use the money to add employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? Many small businesses receive loans backed by the U.S. Small Business Administration. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Onb Bank And Trust Company and they will explain how you can get an SBA loan for your company. 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: Obtaining Funding - Getting Venture Capital SBA 7A Lenders in Tulsa, Oklahoma
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