Midfirst Bank SBA Loan to Local Trucking Without Storage Company
Searching for an Oklahoma business loan? Here's one Oklahoma business loan that was approved by the SBA.
This growing company received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with Midfirst Bank, out of Tulsa, Oklahoma. The loan was granted and they received $81,000 to help grow their Sand Springs, Oklahoma business.
SBA Loan Borrower
COMPANY TYPE: LOCAL TRUCKING WITHOUT STORAGE
SAND SPRINGS, OK 74063
SBA Loan Lender
321 S BOSTON AVE
TULSA, OK 74103
This lender issued this particular loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.
SBA Loan Program Type
This loan was issued as a general business loan.
4212 - Local Trucking Without Storage
Loan Approval Date
Loan Approval Gross Amount
Loan Approval from the SBA
Of the total $81,000 loan amount, the SBA guaranteed $64,800.
More Information on This SBA Loan
The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company
had 2 employees. The SBA loan application for the borrower did not indicate that the company planned to use the funding to increase staffing levels or retain any existing employees.
Getting an SBA Loan For Your Business
The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.
The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Midfirst Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Midfirst Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.
The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.
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.
Accountant's Role in Securing Financing
SBA 7A Banks in Tulsa, Oklahoma
Oklahoma SBA 7A Banks