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May 4, 2024 |
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| Home > Small Business Lenders by State > Oklahoma Business Loan Sources > Fayetteville, Business Loans > Arvest Bank Fayetteville Business Loans > Plumbing And Heating Equipment And Supplies Merchant Wholesaler Loan | ||||
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How to Get SBA Loans in Broken Arrow, Oklahoma
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SBA Loans for Plumbing and Heating Equipment and Supplies Merchant WholesalerLooking for SBA loans for plumbing and heating equipment and supplies merchant wholesaler? Try the SBA. This $50,000 plumbing and heating equipment and supplies merchant wholesaler loan was issued by an Arkansas bank. This business received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with Arvest Bank, out of Fayetteville, Arkansas. The loan was granted and they received $50,000 to help grow their Broken Arrow, Oklahoma business. SBA Loan Borrower COMPANY TYPE: PLUMBING AND HEATING EQUIPMENT AND SUPPLIES MERCHANT WHOLESALER SBA Loan Lender ARVEST 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 423720 - Plumbing and Heating Equipment and Supplies Merchant Wholesaler Loan Approval Date 12/14/2004 Loan Approval Gross Amount $50,000 Loan Approval from the SBA Of the total $50,000 loan amount, the SBA guaranteed $25,000. More Information on This SBA Loan The borrower borrowed this money for an existing 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 2 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the money to add employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. This SBA loan was for $50,000. How would you spend $50,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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: Banks in Fayetteville, Arkansas
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