Broken Arrow, Oklahoma Bank Lends Money to Child Day Care Services Company in Tulsa, Oklahoma

Want to talk with a Broken Arrow, Oklahoma bank about an SBA loan? Here's one Oklahoma business loan, issued by a Broken Arrow bank, that was approved by the SBA.

Applying for an SBA loan with Arkansas Valley State Bank worked out well for our friends at one local business in Tulsa, Oklahoma. They got an SBA loan for $14,200. Nice!

SBA Loan Borrower

COMPANY TYPE: CHILD DAY CARE SERVICES
TULSA, OK 74104

SBA Loan Lender

ARKANSAS VALLEY STATE BANK
302 S MAIN
BROKEN ARROW, OK 74012

This lender issued this debt financing under the 7A SBA program, in which the SBA provides guaranteed loans to small business owners. This lending program began in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

624410 - Child Day Care Services

Loan Approval Date

2/21/2007

Loan Approval Gross Amount

$14,200

Loan Approval from the SBA

Of the total $14,200 loan amount, the SBA guaranteed $12,070.

More Information on This SBA Loan

The borrower borrowed this money for an existing 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 3 employees. The SBA loan documents indicated that the loan would help generate 5 new jobs and retain 3 existing jobs.

Next Steps for Getting an SBA Loan

Many small businesses receive loans backed by the U.S. Small Business Administration.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Arkansas Valley State Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Arkansas Valley State 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:

Obtaining Funding - How to Decide How Much to Raise

Find an SBA Lender in Broken Arrow, Oklahoma

Oklahoma SBA 7A Lenders