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April 23, 2024 |
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| Home > Small Business Lenders by State > Arkansas Business Loan Sources > Tulsa, Business Loans > Arvest Bank Tulsa Business Loans > Motor Vehicle Supplies And New Parts Merchant Wholesalers Loan | ||||
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Tulsa, Oklahoma SBA 7A Banks
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Tulsa, Oklahoma Bank Lends Money to Motor Vehicle Supplies And New Parts Merchant Wholesalers Company in Russellville, ArkansasA Tulsa, Oklahoma small business loan can be yours. Learn how a business got a $39,600 business loan from this Oklahoma bank. This loan to an entrepreneur is a good example of an SBA loan. Arvest Bank made the loan and the SBA guaranteed a portion of the loan. Many other Arkansas 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: MOTOR VEHICLE SUPPLIES AND NEW PARTS MERCHANT WHOLESALERS SBA Loan Lender ARVEST BANK The lender provided this loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing. 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 423120 - Motor Vehicle Supplies and New Parts Merchant Wholesalers Loan Approval Date 4/12/2006 Loan Approval Gross Amount $39,600 Loan Approval from the SBA Of the total $39,600 loan amount, the SBA guaranteed $19,800. 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 only one employee. The loan application indicated that the borrowed money would help create 1 new job. Next Steps for Getting an SBA Loan Many small businesses receive loans backed by the U.S. Small Business Administration. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Arvest Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP). 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: Raising VC Money for Social Networking Companies Good Banks for Small Business in Tulsa, Oklahoma
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