Vending Machine Operators Commercial Loans

With these commercial loans for vending machine operators, the SBA guarantees the lender that the loan will be repaid. This vending machine operators loan for $100,700 was given to an Oklahoma entrepreneur in 2007.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Tahlequah, Oklahoma was able to borrow $100,700 from Arvest Bank. The SBA made the loan possible by guaranteeing $85,595 of this Oklahoma small business loan.

SBA Loan Borrower

COMPANY TYPE: VENDING MACHINE OPERATORS
Tahlequah, OK 74464

SBA Loan Lender

ARVEST BANK
3409 S PEORIA AVE, STE 1
TULSA, OK 74105

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

454210 - Vending Machine Operators

Loan Approval Date

4/27/2007

Loan Approval Gross Amount

$100,700

Loan Approval from the SBA

Of the total $100,700 loan amount, the SBA guaranteed $85,595.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 2 employees. This SBA loan request indicated that the funding would help generate 20 new jobs.

Start the Process for Getting an SBA Loan Today!

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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.

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