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April 20, 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 > Security Systems Services Loan | ||||
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SBA Loan from Arkansas Valley State Bank
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SBA Loan from Arkansas Valley State Bank Helps Security Systems Services CompanyAn SBA loan from Arkansas Valley State Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Tulsa, Oklahoma business owner got a $51,500 loan. This business received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with Arkansas Valley State Bank, out of Broken Arrow, Oklahoma. The loan was granted and they received $51,500 to help grow their Tulsa, Oklahoma business. SBA Loan Borrower COMPANY TYPE: SECURITY SYSTEMS SERVICES SBA Loan Lender ARKANSAS VALLEY STATE BANK 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 561621 - Security Systems Services Loan Approval Date 3/7/2006 Loan Approval Gross Amount $51,500 Loan Approval from the SBA Of the total $51,500 loan amount, the SBA guaranteed $25,750. 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 6 employees. This SBA loan request indicated that the loan would help generate 1 new job and retain 6 existing jobs. Great, But How Can I Get an SBA Loan for My Business? Don't forget. To get an SBA loan, you must apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from Arkansas Valley State Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. 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: The Friends and Family Network SBA 7A Banks for Broken Arrow, Oklahoma Loans SBA Participating Banks in Oklahoma
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