Tulsa, Oklahoma Business Gets SBA-Guaranteed Funding from Arkansas Valley State Bank
Arkansas Valley State Bank is a source for SBA loans that have lower down payments and longer repayment terms than many other financing options. To help you understand SBA loans, we've featured one Oklahoma entrepreneur who tapped into the power of SBA loans.
Getting a small business loan in Tulsa, Oklahoma was an essential business goal for this small business back in 2006 and, based on their loan application, they were successful in getting an SBA loan from Arkansas Valley State Bank, operating out of Broken Arrow, Oklahoma. Here are the details on this Oklahoma small business loan.
SBA Loan Borrower
COMPANY TYPE: CHIROPRACTORS
TULSA, OK 74136
SBA Loan Lender
ARKANSAS VALLEY STATE BANK
302 S MAIN
BROKEN ARROW, OK 74012
This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.
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
621310 - Chiropractors
Loan Approval Date
2/10/2006
Loan Approval Gross Amount
$99,800
Loan Approval from the SBA
Of the total $99,800 loan amount, the SBA guaranteed $49,900.
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 9 employees. The SBA loan documents indicated that the loan would help generate 10 new jobs and retain 10 existing jobs.
Start the Process for Getting an SBA Loan Today!
If you are wondering how to raise money for a company in Tulsa OK, you ought to talk with a local Tulsa SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Tulsa businesses.
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:
How Equity Dilution Works
Who Lends Money to Small Businesses in Broken Arrow, Oklahoma
SBA Oklahoma Lenders