Where to Get Capital for Support Services
Looking for SBA loans for support services? Try the SBA. This $19,700 support services loan was issued by an Oklahoma bank.
This business knew how to go about getting a business bank loan. Based in Stilwell, Oklahoma, they applied for and were awarded an SBA-guaranteed loan in 2008. The lending bank was Arvest Bank, based in Tulsa, Oklahoma.
SBA Loan Borrower
COMPANY TYPE: SUPPORT SERVICES
Stilwell, OK 74960
SBA Loan Lender
ARVEST BANK
3409 S PEORIA AVE, STE 1
TULSA, OK 74105
This lender processed this loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.
SBA Loan Program Type
This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.
NAICS Code
561990 - Support Services
Loan Approval Date
1/21/2008
Loan Approval Gross Amount
$19,700
Loan Approval from the SBA
Of the total $19,700 loan amount, the SBA guaranteed $9,850.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company
had only one employee. The SBA loan documents indicated that the loan would help retain 1 existing job.
Next Steps for Getting an SBA Loan
Many small businesses receive loans backed by the U.S. Small Business Administration.
Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Arvest Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).
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:
Determining Proper Capital Structure for a Business
Who Lends Money to Small Businesses in Tulsa, Oklahoma
Getting an SBA Loan in Oklahoma