Arkansas Valley State Bank Gives Bank Loan to Executive Cellular Inc

Oklahoma bank loans are available to Oklahoma firms through the SBA. In this case, an Oklahoma bank provides the loan.

Getting a small business loan in Tulsa, Oklahoma was a top priority for Executive Cellular Inc back in 2006 and, based on their loan application, they were successful in getting an SBA loan from Arkansas Valley State Bank. Here are the details on this Oklahoma small business loan.

SBA Loan Borrower

EXECUTIVE CELLULAR INC
2613 E 74TH
TULSA, OK 74136

SBA Loan Lender

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

This business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

443112 - Radio, Television, and Other Electronics Stores

Loan Approval Date

11/30/2006

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

More Information on This SBA Loan

The borrower, Executive Cellular Inc, borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 5 employees. The SBA loan documents indicated that the funding would help generate 5 new jobs.

Next Steps for Getting an SBA Loan

Many small businesses receive loans backed by the U.S. Small Business Administration.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Arkansas Valley State Bank and they will explain how you can get an SBA loan for your company.

About This SBA Loan Information:

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

Related Links:

Alternative Financing

SBA 7A Lenders in Broken Arrow, Oklahoma

SBA Lenders in Oklahoma

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.