Small Business Loans for Consumer Goods Rental
Looking for small business loans for consumer goods rental? An SBA loan may be just what you've been looking for. This $51,100 consumer goods rental loan was issued by an Oklahoma bank.
This small firm knew how to go about getting a business bank loan. Based in Tulsa, 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: CONSUMER GOODS RENTAL
Tulsa, OK 74115
SBA Loan Lender
ARVEST BANK
3409 S PEORIA AVE, STE 1
TULSA, OK 74105
This lender processed this SBA small business 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
532299 - Consumer Goods Rental
Loan Approval Date
2/12/2008
Loan Approval Gross Amount
$51,100
Loan Approval from the SBA
Of the total $51,100 loan amount, the SBA guaranteed $25,550.
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 2 employees. This SBA loan request indicated that the loan would help retain 2 existing jobs.
Great, But How Can I Get an SBA Loan for My Business?
SBA loans provide smart, affordable business financing for small businesses looking to expand.
SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Arvest Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!
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:
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SBA 7A Banks for Tulsa, Oklahoma Loans
Oklahoma SBA 7A Lenders