City Glass OKC Inc
City Glass OKC Inc, located in Oklahoma City, Oklahoma, operates in the Glass and Glazing Contractors industry (NAICS 238150). The company financed real estate or equipment through an SBA 504 loan of $1,153,000 approved on August 21, 2024, with Armstrong Bank as the lender and Rural Enterprises of Oklahoma, Inc. as the certified development company.
SBA 504 loan, approved Aug 21, 2024
$1,153,000 SBA portionCDC: Rural Enterprises of Oklahoma, Inc.25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $1,153,000
- Bank portion
- $1,400,000
- Estimated project size
- $2,836,667 (estimated)
- Estimated owner equity
- $283,667 (estimated, about 10% of the project)
- Bank lender
- Armstrong Bank, Muskogee, OK
- Processing method
- 504 Basic: standard SBA processing through a CDC
- Term
- 25 years (300 months)
- Estimated maturity
- August 21, 2049 (estimated, approval date plus term)
- First disbursement
- Apr 16, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 16
- Business type
- Corporation
- NAICS
- 238150, Glass and Glazing Contractors
- Project location
- Oklahoma County, OK
- SBA district office
- Oklahoma District Office
- Congressional district
- OK-5
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Larger than 20% of expansion loans in Glass and Glazing Contractors on this site.
- Average expansion loan in Glass and Glazing Contractors: $1,442,400.
- Average expansion loan in Oklahoma: $1,929,167.
Loan amounts are the SBA approval, not a purchase price. Figures labeled estimated are derived on this site and are not published by the SBA.
Is this your company? Claim or correct this listing. See Corrections.