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April 24, 2024 |
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| Home > Small Business Lenders by State > Oklahoma Business Loan Sources > Bixby, Business Loans > Citizens Security Bank & Trust Bixby Business Loans > Serpro Of Central Tulsa County Loan | ||||
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Raising Money in Tulsa, Oklahoma With SBA Loans
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Oklahoma Entrepreneur Secures Financing to Buy Servpro FranchiseNeed a loan to purchase a Servpro franchise? Citizens Security Bank & Trust has a history of making these loans and they are guaranteed by the SBA. If you live near Tulsa, Oklahoma and are interested in buying a Servpro franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2006 by Citizens Security Bank & Trust. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase. SBA Loan Borrower SERPRO OF CENTRAL TULSA COUNTY SBA Loan Lender CITIZENS SECURITY BANK & TRUST The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide SBA bank loans to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 561720 - Janitorial Services Loan Approval Date 9/18/2006 Loan Approval Gross Amount $210,000 Loan Approval from the SBA Of the total $210,000 loan amount, the SBA guaranteed $157,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Servpro franchise. At the time of the loan, the company had 4 employees. The SBA loan application for the borrower did not indicate that the business promised to use the loan proceeds to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Citizens Security Bank & Trust 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. Related Links:
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