Oklahoma Bank Loan Issued to American Hose & Supply

Looking to get an Oklahoma bank loan? This Oklahoma entrepreneur got a bank loan, provided by an Oklahoma bank that works with the SBA to help small business owners.

By giving the right information to Arkansas Valley State Bank, this Tulsa, Oklahoma business was able to get an SBA loan. To get this loan, American Hose & Supply gave the lending institution and the SBA a clear description of what the loan proceeds would be used for and how they intended to pay the loan back.

SBA Loan Borrower

AMERICAN HOSE & SUPPLY
12936 EAST ADMIRAL PLACE
TULSA, OK 74116

SBA Loan Lender

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

This lender issued this SBA business loan under the SBA 7A lending program , in which the SBA provides guaranteed loans to small business owners. This lending program began in 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

424990 - Other Miscellaneous Nondurable Goods Merchant Wholesalers

Loan Approval Date

9/28/2005

Loan Approval Gross Amount

$727,000

Loan Approval from the SBA

Of the total $727,000 loan amount, the SBA guaranteed $465,280.

More Information on This SBA Loan

The borrower, American Hose & Supply, borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 12 employees. This SBA loan request did not indicate that the SBA funding recipient promised to use the money to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Arkansas Valley State Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

About This SBA Loan Information:

All SBA loan data displayed above comes from the government's SBA loan database.

Related Links:

Business Credit Evaluation

SBA 7A Banks in Broken Arrow, Oklahoma

SBA Oklahoma Banks

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