Tulsa, Oklahoma Bank Lends Money to Industrial Supplies Company in Tulsa, Oklahoma

Get to know Tulsa, Oklahoma banks that specialize in SBA loans and know how to work with entrepreneurs. Bank - Oklahoma is one such bank, as evidenced by this SBA loan to a growing company.

Finding a small business loan in Tulsa, Oklahoma starts with an understanding of who else has gotten loans in the area. In this case, a small company received funding from Bank - Oklahoma. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: INDUSTRIAL SUPPLIES
TULSA, OK 74120

SBA Loan Lender

BANK - OKLAHOMA
ONE WILLIAMS CTR
TULSA, OK 74172

This SBA bank loan was issued by an SBA Certified Lenders Program (CLP) lender. CLP lenders perform a complete analysis of the loan application and, in return, SBA provides a rapid loan approval or denial response.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5085 - Industrial Supplies

NAICS Code

421840 - Industrial Supplies Wholesalers

Loan Approval Date

4/20/2001

Loan Approval Gross Amount

$665,000

Loan Approval from the SBA

Of the total $665,000 loan amount, the SBA guaranteed $498,750.

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 9 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the funding to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Bank - Oklahoma had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Bank - Oklahoma 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.

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