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April 26, 2024 |
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| Home > Small Business Lenders by State > Oklahoma Business Loan Sources > Stillwater, Business Loans > Stillwater National Bank & Trust Stillwater Business Loans > Radio, Television, And Electronics Stores Loan | ||||
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Stillwater, Oklahoma Bank for SBA Loans
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Stillwater, Oklahoma Lender Lends Money to Radio, Television, And Electronics Stores CompanyThinking about meeting with a Stillwater, Oklahoma bank about an SBA loan? Here's one Oklahoma business loan, issued by a Stillwater bank, that was approved by the SBA. Applying for an SBA loan with Stillwater National Bank & Trust worked out well for our friends at one local firm in Tulsa, Oklahoma. They got an SBA loan for $20,000. Awesome! SBA Loan Borrower COMPANY TYPE: RADIO, TELEVISION, AND ELECTRONICS STORES SBA Loan Lender STILLWATER NATIONAL BANK & TRUST This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. 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 443112 - Radio, Television, and Electronics Stores Loan Approval Date 5/7/2001 Loan Approval Gross Amount $20,000 Loan Approval from the SBA Of the total $20,000 loan amount, the SBA guaranteed $10,000. 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 only one employee. The SBA loan application for the borrower indicated that the borrowed money would help generate 2 new jobs. Start the Process for Getting an SBA Loan Today! Remember, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Stillwater National Bank & Trust are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you. 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: Determining Proper Capital Structure for a Business Who Lends Money to Small Businesses in Stillwater, Oklahoma Getting a Business Loan in Oklahoma
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