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| Entrepreneur Resources | Arvest Bank Fayetteville Business Loans | ||||
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How Hard Is It to Get a Small Business Loan in Tulsa, Oklahoma?
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Get an SBA Loan for Automotive Oil Change and Lubrication ShopsLooking for loans for automotive oil change and lubrication shops? Talk to a banker who works with the SBA. This $174,800 automotive oil change and lubrication shops loan was issued by an Arkansas bank.
Citgo Quik Lube 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 2006. The lending bank was Arvest Bank, based in Fayetteville, Arkansas. SBA Loan Borrower CITGO QUIK LUBE SBA Loan Lender ARVEST BANK When this loan was made, the lender was part of the SBA's Certified Lenders Program (CLP). This program aims to give fast service on loan applications received from lenders who have a successful SBA lending track record and a thorough understanding of SBA policies and procedures. CLP lenders perform a complete analysis of the application and, in return, SBA promises a fast loan decision. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 811191 - Automotive Oil Change and Lubrication Shops Loan Approval Date 2/2/2006 Loan Approval Gross Amount $174,800 Loan Approval from the SBA Of the total $174,800 loan amount, the SBA guaranteed $131,100. More Information on This SBA Loan The borrower, Citgo Quik Lube, borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 9 employees. The SBA loan application for the borrower did not indicate that the business promised to use the loan proceeds to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan Every year, the SBA guarantees over $10 billion for loans just like this one. While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan to Citgo Quik Lube shows that any business with ambition and the right qualifications can get an SBA loan. About This SBA Loan Information: All SBA loan data displayed above comes from the government's SBA loan database. Related Links: Obtaining Funding - Getting Venture Capital Best Fayetteville, Arkansas Banks for Small Business 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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