Broken Arrow, Oklahoma Lender Lends Money to Absolute Limousine Service LLC

Want to talk with a Broken Arrow, Oklahoma bank about an SBA loan? Here's one Oklahoma business loan, issued by a Broken Arrow bank, that was approved by the SBA.

Applying for an SBA loan with Arkansas Valley State Bank worked out well for our friends at Absolute Limousine Service LLC in Tulsa, Oklahoma. The business was able to get an SBA loan for $210,000. Awesome!

SBA Loan Borrower

ABSOLUTE LIMOUSINE SERVICE LLC
6450 SOUTH LEWIS SUITE 300
TULSA, OK 74136

SBA Loan Lender

ARKANSAS VALLEY STATE BANK
302 S MAIN
BROKEN ARROW, OK 74012

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

485320 - Limousine Service

Loan Approval Date

7/19/2007

Loan Approval Gross Amount

$210,000

Loan Approval from the SBA

Of the total $210,000 loan amount, the SBA guaranteed $157,500.

More Information on This SBA Loan

The borrower, Absolute Limousine Service LLC, borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. The SBA loan documents indicated that the loan would help generate 1 new job and retain 2 existing jobs.

Getting an SBA Loan For Your Business

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

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 Absolute Limousine Service LLC 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.

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