Collection Agencies Business Loans

Looking for business loans for collection agencies? The SBA may be the answer. This $76,900 collection agencies loan was issued by an Oklahoma bank.

This business received financial assistance through the SBA's lending programs back in 2007. They applied for an SBA loan with 1st National Bank & Trust - Broken, out of Broken Arrow, Oklahoma. The loan was granted and they received $76,900 to help grow their Tulsa, Oklahoma business.

SBA Loan Borrower

COMPANY TYPE: COLLECTION AGENCIES
TULSA, OK 74145

SBA Loan Lender

1ST NATIONAL BANK & TRUST - BROKEN
121 S MAIN
BROKEN ARROW, OK 74012

This loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

561440 - Collection Agencies

Loan Approval Date

1/24/2007

Loan Approval Gross Amount

$76,900

Loan Approval from the SBA

Of the total $76,900 loan amount, the SBA guaranteed $38,450.

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 20 employees. The SBA loan application for the borrower indicated that the loan would help retain 20 existing jobs.

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.

There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower.

Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today!

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:

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Who Lends Money to Small Businesses in Broken Arrow, Oklahoma

SBA Lenders in Oklahoma