How to Get a Loan for Iron and Steel Pipe and Tube Manufacturing from Purchased Steel
Looking for business loans for iron and steel pipe and tube manufacturing from purchased steel? The SBA may be the answer. This $50,000 iron and steel pipe and tube manufacturing from purchased steel loan was issued by an Oklahoma bank.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Sand Springs, Oklahoma was able to borrow $50,000 from Stillwater National Bank & Trust. The SBA made the loan possible by guaranteeing $42,500 of this Oklahoma small business loan.
SBA Loan Borrower
COMPANY TYPE: IRON AND STEEL PIPE AND TUBE MANUFACTURING FROM PURCHASED STEEL
SAND SPRINGS, OK 74063
SBA Loan Lender
STILLWATER NATIONAL BANK & TRUST
608 S MAIN
STILLWATER, OK 74074
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
331210 - Iron and Steel Pipe and Tube Manufacturing from Purchased Steel
Loan Approval Date
8/15/2001
Loan Approval Gross Amount
$50,000
Loan Approval from the SBA
Of the total $50,000 loan amount, the SBA guaranteed $42,500.
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 25 employees. This SBA loan request indicated that the loan would help retain 25 existing jobs.
Great, But How Can I Get an SBA Loan for My Business?
SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.
Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Stillwater National Bank & Trust that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).
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:
Bank Credit Lines
Small Business Banks in Stillwater, Oklahoma
SBA Lenders in Oklahoma