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April 25, 2024 |
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| Home > Small Business Lenders by State > Oklahoma Business Loan Sources > Tulsa, Business Loans > Arvest Bank Tulsa Business Loans > Shoe Stores Loan | ||||
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Oklahoma SBA 7A Lenders
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Entrepreneur Works With Tulsa, Oklahoma Bank to Get an SBA LoanWant to talk with a Tulsa, Oklahoma bank about a business loan? Here's one Oklahoma business loan, issued by a Tulsa bank, that was approved by the SBA. Applying for an SBA loan with Arvest Bank worked out well for our friends at one local firm in Tulsa, Oklahoma. The business was able to get an SBA loan for $156,200. Sweet! SBA Loan Borrower COMPANY TYPE: SHOE STORES SBA Loan Lender ARVEST BANK Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 448210 - Shoe Stores Loan Approval Date 12/7/2006 Loan Approval Gross Amount $156,200 Loan Approval from the SBA Of the total $156,200 loan amount, the SBA guaranteed $117,150. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. This SBA loan request indicated that the borrowed money would help generate 5 new jobs. Start the Process for Getting an SBA Loan Today! 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. If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from Arvest 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: Small Business Banks in Tulsa, Oklahoma
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