Muskogee, Oklahoma Business Gets SBA-Guaranteed Funding from Bizcapital Bidco II, LLC

An SBA loan from Bizcapital Bidco II, LLC typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Muskogee, Oklahoma business owner got a $777,400 loan.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Muskogee, Oklahoma was able to borrow $777,400 from Bizcapital Bidco II, LLC. The SBA made the loan possible by guaranteeing $583,050 of this Oklahoma small business loan.

SBA Loan Borrower

COMPANY TYPE: INDUSTRIAL SUPPLIES MERCHANT WHOLESALERS
MUSKOGEE, OK 74403

SBA Loan Lender

BIZCAPITAL BIDCO II, LLC
909 POYDRAS ST, SUITE 2230
NEW ORLEANS, LA 70112

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This business loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

423840 - Industrial Supplies Merchant Wholesalers

Loan Approval Date

11/29/2006

Loan Approval Gross Amount

$777,400

Loan Approval from the SBA

Of the total $777,400 loan amount, the SBA guaranteed $583,050.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 10 employees. The loan application did not indicate that the business planned to use the loan proceeds to add employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

Every year, the SBA guarantees over $10 billion for loans just like this one.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Bizcapital Bidco II, LLC and they will explain how you can get an SBA loan for your company.

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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