Business Loans for Nondurable Goods Merchant Wholesalers

Looking for business loans for nondurable goods merchant wholesalers? Talk to a banker who works with the SBA. This $905,000 nondurable goods merchant wholesalers loan was issued by an Oklahoma bank.

Cherokee Hose & Supply knew how to go about getting a business bank loan. Based in Tulsa, Oklahoma, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was Arkansas Valley State Bank, based in Broken Arrow, Oklahoma.

SBA Loan Borrower

CHEROKEE HOSE & SUPPLY
5240 WEST SKELLY DRIVE
TULSA, OK 74107

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 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

424990 - Other Miscellaneous Nondurable Goods Merchant Wholesalers

Loan Approval Date

9/28/2005

Loan Approval Gross Amount

$905,000

Loan Approval from the SBA

Of the total $905,000 loan amount, the SBA guaranteed $678,750.

More Information on This SBA Loan

The borrower, Cherokee Hose & Supply, 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 12 employees. The loan application did not indicate that the small business promised to use the funding to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

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.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as Cherokee Hose & Supply walked into Arkansas Valley State Bank and applied for an SBA loan, you have to do the same thing. The sooner you start, the faster you'll get the money!

About This SBA Loan Information:

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

Related Links:

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Small Bank Loans in Broken Arrow, Oklahoma

Oklahoma SBA Banks

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