Borrowing Money for Health and Personal Care Stores

Looking for bank loans for health and personal care stores? Talk to a banker who works with the SBA. This $150,000 health and personal care stores loan was issued by an Oklahoma bank.

This small firm knew how to go about getting a business bank loan. Based in Stillwater, Oklahoma, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was Arvest Bank, based in Tulsa, Oklahoma.

SBA Loan Borrower

COMPANY TYPE: HEALTH AND PERSONAL CARE STORES
STILLWATER, OK 74076

SBA Loan Lender

ARVEST BANK
5120 S GARNETT RD
TULSA, OK 74146

This lender issued this particular loan for a small business under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

446199 - Health and Personal Care Stores

Loan Approval Date

5/8/2001

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 10 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the money to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans provide smart, affordable business financing for small businesses looking to expand.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Arvest Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Arvest Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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:

Bank Credit Lines

SBA 7A Banks in Tulsa, Oklahoma

Oklahoma SBA Bank Lenders