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| Entrepreneur Resources | Arkansas Valley State Bank Broken Arrow Business Loans | ||||
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We Needed a Small Business Loan in Tulsa, Oklahoma and We Got One!
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Loans for Offices of ChiropractorsLooking for loans for offices of chiropractors? An SBA loan may be just what you've been looking for. This $120,000 offices of chiropractors loan was issued by an Oklahoma bank.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Tulsa, Oklahoma was able to borrow $120,000 from Arkansas Valley State Bank. The SBA made the loan possible by guaranteeing $102,000 of this Oklahoma small business loan. SBA Loan Borrower ADVANCED CHIROPRACTIC CARE, PL SBA Loan Lender ARKANSAS VALLEY STATE BANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This small business loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 621310 - Offices of Chiropractors Loan Approval Date 1/12/2005 Loan Approval Gross Amount $120,000 Loan Approval from the SBA Of the total $120,000 loan amount, the SBA guaranteed $102,000. More Information on This SBA Loan The borrower, Advanced Chiropractic Care, Pl, borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the loan proceeds to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower. Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today! About This SBA Loan Information: All SBA loan data displayed above comes from the government's SBA loan database. Related Links: Obtaining Funding - How to Borrow Money SBA 7A Banks in Broken Arrow, 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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