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| Entrepreneur Resources | Arvest Bank Tulsa Business Loans | ||||
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Oklahoma SBA 7A Lenders
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Entrepreneur Works With Tulsa, Oklahoma Bank to Get an SBA LoanA Tulsa, Oklahoma SBA loan can be yours. Learn how Hal M. Collins got a $20,000 business loan from this Oklahoma bank.
This loan to Hal M. Collins is a good example of an SBA loan. Arvest Bank made the loan and the SBA guaranteed a portion of the loan. Many other Oklahoma entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take. SBA Loan Borrower Hal M. Collins SBA Loan Lender ARVEST BANK The lender provided this commercial 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 238990 - All Other Specialty Trade Contractors Loan Approval Date 8/25/2005 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, Hal M. Collins, borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 5 employees. The SBA loan documents indicated that the loan would help retain 5 existing jobs. Next Steps for Getting an SBA Loan The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses. If Hal M. Collins can get an SBA loan, there's no reason you can't get an SBA loan too. The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. About This SBA Loan Information: All SBA loan data displayed above comes from the government's SBA loan database. Related Links: Small Business Banks in Tulsa, Oklahoma Browse All Business Loan Sources for Oklahoma If you are an ambitious entrepreneur or an aspiring executive looking to get involved with a startup, please take the time to learn more about Gaebler Ventures.
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