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May 9, 2024 |
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| Home > Small Business Lenders by State > Oklahoma Business Loan Sources > Broken Arrow, Business Loans > Arkansas Valley State Bank Broken Arrow Business Loans > Carwashes Loan | ||||
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SBA Lender Broken Arrow, Oklahoma
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Broken Arrow, Oklahoma Bank Lends Money to Carwashes Company in Claremore, OklahomaA Broken Arrow, Oklahoma business loan can be yours. Learn how one firm got a $1,495,984 business loan from this Oklahoma bank. This loan to an entrepreneur is a good example of an SBA loan. Arkansas Valley State Bank made the loan and the SBA guaranteed a portion of the loan. Many other Oklahoma entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take. SBA Loan Borrower COMPANY TYPE: CARWASHES SBA Loan Lender ARKANSAS VALLEY STATE BANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA small business loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7542 - Carwashes NAICS Code 811192 - Car Washes Loan Approval Date 7/2/2002 Loan Approval Gross Amount $1,495,984 Loan Approval from the SBA Of the total $1,495,984 loan amount, the SBA guaranteed $987,349. 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 3 employees. The loan application did not indicate that the business planned to use the money to add employees or retain any existing employees. Getting an SBA Loan For Your Business SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. 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. Related Links: Advice on Getting a Small Business Loan Small Business Banks in Broken Arrow, Oklahoma
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