Loans for Structural Steel and Precast Concrete Contractors
Looking for loans for structural steel and precast concrete contractors? An SBA loan may be just what you've been looking for. This $85,400 structural steel and precast concrete contractors loan was issued by an Arkansas bank.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Stilwell, Oklahoma was able to borrow $85,400 from Arvest Bank. The SBA made the loan possible by guaranteeing $72,590 of this Oklahoma small business loan.
SBA Loan Borrower
COMPANY TYPE: STRUCTURAL STEEL AND PRECAST CONCRETE CONTRACTORS
STILWELL, OK 74960
SBA Loan Lender
ARVEST BANK
75 N EAST AVE
FAYETTEVILLE, AR 72701
This lender issued this particular SBA small business loan 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
238120 - Structural Steel and Precast Concrete Contractors
Loan Approval Date
12/9/2004
Loan Approval Gross Amount
$85,400
Loan Approval from the SBA
Of the total $85,400 loan amount, the SBA guaranteed $72,590.
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 3 employees. The loan application did not indicate that the SBA funding recipient planned to use the funding to hire new employees or retain any existing employees.
Great, But How Can I Get an SBA Loan for My Business?
If you are raising money in Stilwell OK, you ought to talk with a local Stilwell SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Stilwell businesses.
This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.
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:
Understanding Dilution
SBA 7A Lenders in Fayetteville, Arkansas
Arkansas SBA Bank Lenders