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November 14, 2024 |
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| Home > Small Business Lenders by State > Arkansas Business Loan Sources > Tulsa, Business Loans > Arvest Bank Tulsa Business Loans > Services For The Elderly And Persons With Disabilities Loan | ||||
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Arvest Bank
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Arvest Bank SBA Loan to Services For The Elderly And Persons With Disabilities CompanyArvest Bank and the SBA work together to get business loans for growing small businesses. Here's an example of how an Arkansas entrepreneur was able to get a loan to take a small business to the next level. This business knew how to go about getting a business bank loan. Based in Fayetteville, Arkansas, they applied for and received an SBA-guaranteed loan in 2007. The lending bank was Arvest Bank, based in Tulsa, Oklahoma. SBA Loan Borrower COMPANY TYPE: SERVICES FOR THE ELDERLY AND PERSONS WITH DISABILITIES SBA Loan Lender ARVEST BANK This lender provides SBA small business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 624120 - Services for the Elderly and Persons with Disabilities Loan Approval Date 8/3/2007 Loan Approval Gross Amount $83,600 Loan Approval from the SBA Of the total $83,600 loan amount, the SBA guaranteed $71,060. 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 4 employees. The loan application indicated that the borrowed money would help create 20 new jobs. Next Steps for Getting an SBA Loan SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan. 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: Best Tulsa, Oklahoma Banks for Small Business
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