Arvest Bank SBA Loan to Chafin Enterprises, Inc. Dba C & C Well Se

Arvest Bank and the SBA work together to get business loans for growing small businesses. Here's an example of how an Oklahoma entrepreneur was able to get a loan to take a small business to the next level.

Getting a small business loan in Nowata, Oklahoma was an essential business goal for Chafin Enterprises, Inc. Dba C & C Well Se back in 2005 and, based on their loan application, they were successful in getting an SBA loan from Arvest Bank, operating out of Tulsa, Oklahoma. Here are the details on this Oklahoma small business loan.

SBA Loan Borrower

Chafin Enterprises, Inc. dba C & C Well Se
517 Cherokee
Nowata, OK 74048

SBA Loan Lender

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

This loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

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

213112 - Support Activities for Oil and Gas Operations

Loan Approval Date

7/7/2005

Loan Approval Gross Amount

$60,000

Loan Approval from the SBA

Of the total $60,000 loan amount, the SBA guaranteed $30,000.

More Information on This SBA Loan

The borrower, Chafin Enterprises, Inc. Dba C & C Well Se, borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 23 employees. This SBA loan request indicated that the loan would help generate 25 new jobs and retain 25 existing jobs. This loan was paid in full, and was closed out on 10/21/2006.

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

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. Chafin Enterprises, Inc. Dba C & C Well Se 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 Chafin Enterprises, Inc. Dba C & C Well Se 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:

Advice on Getting a Small Business Loan

Good Banks for Small Business in Tulsa, Oklahoma

SBA Lenders in Oklahoma

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