Entrepreneur Works With Tulsa, Oklahoma Bank to Get an SBA Loan

Want 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 Nbanc worked out well for our friends at one local business in Tulsa, Oklahoma. They got an SBA loan for $222,500. Way to go!

SBA Loan Borrower

COMPANY TYPE: BEAUTY SHOPS
TULSA, OK 74135

SBA Loan Lender

NBANC
7127 S RIVERSIDE DR
TULSA, OK 74136

This lender issued this bank loan under the 7A SBA 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.

SIC Code

7231 - Beauty Shops

NAICS Code

812112 - Beauty Salons

Loan Approval Date

12/17/2002

Loan Approval Gross Amount

$222,500

Loan Approval from the SBA

Of the total $222,500 loan amount, the SBA guaranteed $189,125.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 4 employees. The SBA loan application for the borrower did not indicate that the company promised to use the funding to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Nbanc 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.

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