Financing for Consumer Goods Rental

With these commercial loans for consumer goods rental, the SBA guarantees the lender that the loan will be repaid. This consumer goods rental loan for $176,400 was given to an Oklahoma entrepreneur in 2006.

Getting a small business loan in Broken Arrow, Oklahoma was important for this small business back in 2006 and, based on their loan application, they were successful in getting an SBA loan from Arkansas Valley State Bank, operating out of Broken Arrow, Oklahoma. Here are the details on this Oklahoma small business loan.

SBA Loan Borrower

COMPANY TYPE: CONSUMER GOODS RENTAL
BROKEN ARROW, OK 74012

SBA Loan Lender

ARKANSAS VALLEY STATE BANK
302 S MAIN
BROKEN ARROW, OK 74012

This lender issued this loan under the SBA's 7A loan, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 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

532299 - Consumer Goods Rental

Loan Approval Date

11/17/2006

Loan Approval Gross Amount

$176,400

Loan Approval from the SBA

Of the total $176,400 loan amount, the SBA guaranteed $132,300.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 48 employees. This SBA loan request indicated that the loan would help generate 40 new jobs and retain 48 existing jobs.

Start the Process for Getting an SBA Loan Today!

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from Arkansas Valley State Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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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