Getting an SBA Loan for Specialized Long-Distance Freight Trucking

Looking for business loans for specialized long-distance freight trucking? An SBA loan may be just what you've been looking for. This $1,210,000 specialized long-distance freight trucking loan was issued by an Oklahoma bank.

This small business received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with Arvest Bank, out of Nowata, Oklahoma. The loan was granted and they received $1,210,000 to help grow their Coffeyville, Kansas business.

SBA Loan Borrower

COMPANY TYPE: TRUCKING
COFFEYVILLE, KS 67337

SBA Loan Lender

ARVEST BANK
108 N MAPLE ST
NOWATA, OK 74048

This lender issued this commercial 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.

SIC Code

4213 - Trucking

NAICS Code

484230 - Specialized Long-Distance Freight Trucking

Loan Approval Date

12/28/2004

Loan Approval Gross Amount

$1,210,000

Loan Approval from the SBA

Of the total $1,210,000 loan amount, the SBA guaranteed $907,500.

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 67 employees. This SBA loan request did not indicate that the business promised to use the money to hire new employees or retain any existing employees.

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.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $1,210,000 loan. Remember, you control your own destiny.

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:

Small Business Loan

Where to Get an SBA Loan in Nowata, Oklahoma

Oklahoma SBA Banks