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April 29, 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 > Top And Body Repair And Paint Shops Loan | ||||
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Who Lends Money to Oklahoma City Business Owners
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Oklahoma Business Loan Issued to Top And Body Repair And Paint Shops CompanySmall business loans in Oklahoma are are few and far betweeen these days. We take a look at one Oklahoma small business loan, provided by an Oklahoma bank, that was approved by the SBA. By giving the right information to Stillwater National Bank & Trust, this Oklahoma City, Oklahoma business was able to get an SBA loan. To get this loan, the loan applicant gave the lending institution and the SBA a clear description of what the loan proceeds would be used for and how they intended to pay the loan back. SBA Loan Borrower COMPANY TYPE: TOP AND BODY REPAIR AND PAINT SHOPS SBA Loan Lender STILLWATER NATIONAL BANK & TRUST This SBA business loan was provided by financing institution with SBA Certified Lenders Program (CLP) status. CLP lenders who submit loan requests to the SBA get more expeditious service from the SBA on their loan applications. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7532 - Top and Body Repair and Paint Shops NAICS Code 811121 - Automotive Body, Paint, and Interior Repair and Maintenance Loan Approval Date 8/6/2001 Loan Approval Gross Amount $311,000 Loan Approval from the SBA Of the total $311,000 loan amount, the SBA guaranteed $233,250. More Information on This SBA Loan The borrower borrowed this money for an existing 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 7 employees. This SBA loan request did not indicate that the business planned to use the funding to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $311,000 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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: Browse All Business Loan Sources for Oklahoma
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