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May 15, 2024 |
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| Home > Small Business Lenders by State > Oklahoma Business Loan Sources > Norman, Business Loans > Arvest Bank Norman Business Loans > Locksmiths Loan | ||||
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Norman, Oklahoma SBA Banks
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Norman, Oklahoma Lender Lends Money to Locksmiths CompanyA Norman, Oklahoma business loan can be yours. Learn how a business got a $125,525 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 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: LOCKSMITHS SBA Loan Lender ARVEST BANK This business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 561622 - Locksmiths Loan Approval Date 4/26/2001 Loan Approval Gross Amount $125,525 Loan Approval from the SBA Of the total $125,525 loan amount, the SBA guaranteed $106,696. 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. The loan application did not indicate that the company planned to use the funding to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business SBA loans provide smart, affordable business financing for small businesses looking to expand. This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. 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: How Much Venture Capital Is There? Best Banks for Small Business in Norman, Oklahoma
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