Borrowing Money for Petroleum and Petroleum Products Merchant Wholesalers (except Bulk Stations

Looking for bank loans for petroleum and petroleum products merchant wholesalers (except bulk stations? The SBA may be the answer. This $25,400 petroleum and petroleum products merchant wholesalers (except bulk stations loan was issued by an Oklahoma bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Lowell, Arkansas was able to borrow $25,400 from Arvest Bank. The SBA made the loan possible by guaranteeing $12,700 of this Arkansas small business loan.

SBA Loan Borrower

Advanced Petroleum Services, Inc.
320 N. Bloomington Ste F5
Lowell, AR 72745

SBA Loan Lender

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

This lender processed this loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

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

424720 - Petroleum and Petroleum Products Merchant Wholesalers (except Bulk Stations

Loan Approval Date

9/27/2006

Loan Approval Gross Amount

$25,400

Loan Approval from the SBA

Of the total $25,400 loan amount, the SBA guaranteed $12,700.

More Information on This SBA Loan

The borrower, Advanced Petroleum Services, Inc., borrowed this money for an existing business. The SBA's record indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 4 employees. The SBA loan documents indicated that the loan would help create 2 new jobs.

Great, But How Can I Get an SBA Loan for My Business?

Every year, the SBA guarantees over $10 billion for loans just like this one.

Advanced Petroleum Services, Inc. got an SBA loan. You can too! Maybe you need seed money for business? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

About This SBA Loan Information:

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

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