SBA Loan from Arkansas Valley State Bank Helps Alliance Automotive Solutions

An SBA loan from Arkansas Valley State Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Tulsa, Oklahoma business owner got a $105,800 loan.

Alliance Automotive Solutions received financial assistance through the SBA's lending programs back in 2007. They applied for an SBA loan with Arkansas Valley State Bank, out of Broken Arrow, Oklahoma. The loan was granted and they received $105,800 to help grow their Tulsa, Oklahoma business.

SBA Loan Borrower

ALLIANCE AUTOMOTIVE SOLUTIONS
5805 S MINGO ROAD
TULSA, OK 74146

SBA Loan Lender

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

This lender issued this business loan under the 7A SBA program, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

811111 - General Automotive Repair

Loan Approval Date

5/9/2007

Loan Approval Gross Amount

$105,800

Loan Approval from the SBA

Of the total $105,800 loan amount, the SBA guaranteed $89,930.

More Information on This SBA Loan

The borrower, Alliance Automotive Solutions, borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 14 employees. The SBA loan documents indicated that the loan would help retain 14 existing jobs.

Start the Process for Getting an SBA Loan Today!

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

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. Alliance Automotive Solutions needed a loan. Arkansas Valley State 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, Arkansas Valley State Bank made the loan. The end result was that Alliance Automotive Solutions 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:

Financing Your Business

Best Banks in Broken Arrow, Oklahoma

SBA Participating Banks in Oklahoma

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