Sand Springs, Oklahoma Business Gets SBA-Guaranteed Funding from Stillwater National Bank & Trust

An SBA loan from Stillwater National Bank & Trust typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Sand Springs, Oklahoma business owner got a $644,500 loan.

This growing company knew how to go about getting a business bank loan. Based in Sand Springs, Oklahoma, they applied for and received an SBA-guaranteed loan in 2001. The lending bank was Stillwater National Bank & Trust, based in Stillwater, Oklahoma.

SBA Loan Borrower

COMPANY TYPE: IRON AND STEEL PIPE AND TUBE MANUFACTURING FROM PURCHASED STEEL
SAND SPRINGS, OK 74063

SBA Loan Lender

STILLWATER NATIONAL BANK & TRUST
608 S MAIN
STILLWATER, OK 74074

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

331210 - Iron and Steel Pipe and Tube Manufacturing from Purchased Steel

Loan Approval Date

3/20/2001

Loan Approval Gross Amount

$644,500

Loan Approval from the SBA

Of the total $644,500 loan amount, the SBA guaranteed $483,375.

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 20 employees. The SBA loan application for the borrower indicated that the loan would help generate 5 new jobs and retain 20 existing jobs.

Getting an SBA Loan For Your Business

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

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:

Advice on Getting a Small Business Loan

SBA 7A Banks for Stillwater, Oklahoma Loans

Getting an SBA Loan in Oklahoma