Tulsa, Oklahoma Business Gets SBA-Guaranteed Funding from Arvest Bank

An SBA loan from Arvest 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 $112,200 loan.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Tulsa, Oklahoma was able to borrow $112,200 from Arvest Bank. The SBA made the loan possible by guaranteeing $95,370 of this Oklahoma small business loan.

SBA Loan Borrower

BAHAMA SUN TANNING SPA
3764 S MADISON AVE
TULSA, OK 74105

SBA Loan Lender

ARVEST BANK
75 N EAST AVE
FAYETTEVILLE, AR 72701

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

812199 - Other Personal Care Services

Loan Approval Date

12/14/2004

Loan Approval Gross Amount

$112,200

Loan Approval from the SBA

Of the total $112,200 loan amount, the SBA guaranteed $95,370.

More Information on This SBA Loan

The borrower, Bahama Sun Tanning Spa, 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 application for the borrower indicated that the loan would help generate 8 new jobs and retain 2 existing jobs.

Getting an SBA Loan For Your Business

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this Bahama Sun Tanning Spa loan from Arvest Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

About This SBA Loan Information:

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

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