How to Get a Loan for Personal Care Services

Looking for business loans for personal care services? Try the SBA. This $20,000 personal care services loan was issued by an Oklahoma bank.

Don Brown, Inc. knew how to go about getting a business bank loan. Based in Bentonville, Arkansas, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was Arvest Bank, based in Tulsa, Oklahoma.

SBA Loan Borrower

Don Brown, Inc.
911 S. E. 28th St., Ste. 5
Bentonville, AR 72712

SBA Loan Lender

ARVEST BANK
3409 S PEORIA AVE, STE 1
TULSA, OK 74105

The lender provided this SBA bank loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

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

812199 - Other Personal Care Services

Loan Approval Date

8/5/2005

Loan Approval Gross Amount

$20,000

Loan Approval from the SBA

Of the total $20,000 loan amount, the SBA guaranteed $10,000.

More Information on This SBA Loan

The borrower, Don Brown, Inc., borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. The SBA loan documents indicated that the loan would help retain 2 existing jobs.

Next Steps for Getting an SBA Loan

Many small businesses receive loans backed by the U.S. Small Business Administration.

While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan to Don Brown, Inc. shows that any business with ambition and the right qualifications can get an SBA loan.

About This SBA Loan Information:

All SBA loan data displayed above comes from the government's SBA loan database.

Related Links:

Business Credit Evaluation

Best Banks in Tulsa, Oklahoma

Oklahoma SBA 7A Lenders

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