Loan Census Banking News and Information
March 29, 2024  
 
 
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SBA 7A Banks for Entrepreneurs in Oklahoma

 

 
Loan Census SBA Loan Info

Anb Finan Gives Small Business Loan to Gasoline Stations With Convenience Stores Company

Would an Oklahoma small business loan help your small business to grow and prosper? If so, you may want to talk with this Arkansas bank, which offers SBA loans to Oklahoma entrepreneurs.

You can learn something about getting a small business loan in Grove, Oklahoma by studying this loan to a local company, made back in 2007. Banks like Anb Finan may also be willing to lend to you, given that they granted this small business loan.

SBA Loan Borrower

COMPANY TYPE: GASOLINE STATIONS WITH CONVENIENCE STORES
GROVE, OK 74344

SBA Loan Lender

ANB FINAN
706 S WALTON BLVD
BENTONVILLE, AR 72712

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

447110 - Gasoline Stations with Convenience Stores

Loan Approval Date

2/23/2007

Loan Approval Gross Amount

$710,000

Loan Approval from the SBA

Of the total $710,000 loan amount, the SBA guaranteed $532,500.

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 9 employees. This SBA loan request indicated that the loan would help retain 9 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.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Anb Finan 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.

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Where to Get an SBA Loan Arkansas