Oklahoma Bank Loan Issued to Bewley-Manhart LLC Dba Bubba's Drive Thru

Small business loans in Oklahoma are hard to find these days. We take a look at one Oklahoma small business loan, provided by an Oklahoma bank, that was approved by the SBA.

By giving the right information to Arvest Bank, this Jay, Oklahoma business was able to get an SBA loan. To get this loan, Bewley-Manhart LLC Dba Bubba's Drive Thru gave the lending institution and the SBA a clear description of what the loan proceeds would be used for and how they intended to pay the loan back.

SBA Loan Borrower

Bewley-Manhart LLC dba Bubba's Drive Thru
1110 S. Main St.
Jay, OK 74346

SBA Loan Lender

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

This lender provides SBA bank loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

445120 - Convenience Stores

Loan Approval Date

6/15/2007

Loan Approval Gross Amount

$287,000

Loan Approval from the SBA

Of the total $287,000 loan amount, the SBA guaranteed $215,250.

More Information on This SBA Loan

The borrower, Bewley-Manhart LLC Dba Bubba's Drive Thru, borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 10 employees. This SBA loan request indicated that the loan would help retain 10 existing jobs.

Getting an SBA Loan For Your Business

If you need money to start a business or need money for an existing business, an SBA loan can be a great way to raise money

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. Bewley-Manhart LLC Dba Bubba's Drive Thru needed a loan. Arvest Bank probably wouldn't have granted the loan based on the merits of the company, but with the SBA stepping up and agreeing to guarantee part of the loan, Arvest Bank made the loan. The end result was that Bewley-Manhart LLC Dba Bubba's Drive Thru was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

About This SBA Loan Information:

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

Related Links:

Bank Credit Lines

SBA 7A Banks in Tulsa, Oklahoma

Where to Get an SBA Loan Oklahoma

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