Entrepreneur Works With Broken Arrow, Oklahoma Bank to Get an SBA Loan
Find Broken Arrow, Oklahoma banks that specialize in SBA loans and know how to work with entrepreneurs. Arkansas Valley State Bank is one such bank, as evidenced by this SBA loan to one business.
Finding a small business loan in Bixby, Oklahoma starts with an understanding of who else has gotten loans in the area. In this case, a local company received funding from Arkansas Valley State Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.
SBA Loan Borrower
COMPANY TYPE: WOOD KITCHEN CABINET AND COUNTERTOP MANUFACTURING
BIXBY, OK 74008
SBA Loan Lender
ARKANSAS VALLEY STATE BANK
302 S MAIN
BROKEN ARROW, OK 74012
This lender issued this bank loan under the SBA's 7A loan, in which the SBA provides guaranteed loans to small business owners. This lending program began in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
337110 - Wood Kitchen Cabinet and Countertop Manufacturing
Loan Approval Date
1/18/2005
Loan Approval Gross Amount
$370,000
Loan Approval from the SBA
Of the total $370,000 loan amount, the SBA guaranteed $277,500.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company
had 9 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the funding to add employees or retain any existing employees.
Getting an SBA Loan For Your Business
Many small businesses receive loans backed by the U.S. Small Business Administration.
This company got an SBA loan. You can too! Maybe you want money for start up business? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer 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.
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