Shawnee, Oklahoma Bank Gives SBA Loan to Support Activities For Road Transportation Company

Get to know Shawnee, Oklahoma banks that specialize in SBA loans and know how to work with entrepreneurs. Arvest Bank is one such bank, as evidenced by this SBA loan to a growing company.

Finding a small business loan in Shawnee, Oklahoma starts with an understanding of who else has gotten loans in the area. In this case, a local firm received funding from Arvest Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: SUPPORT ACTIVITIES FOR ROAD TRANSPORTATION
SHAWNEE, OK 74801

SBA Loan Lender

ARVEST BANK
201 N BROADWAY
SHAWNEE, OK 74801

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

488490 - Support Activities for Road Transportation

Loan Approval Date

8/30/2001

Loan Approval Gross Amount

$33,000

Loan Approval from the SBA

Of the total $33,000 loan amount, the SBA guaranteed $28,050.

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

Next Steps for Getting an SBA Loan

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

We can help you find the best banks for small businesses in Shawnee or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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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