Entrepreneur Works With Fayetteville, Arkansas Bank to Get an SBA Loan

Want to talk with a Fayetteville, Arkansas bank about an SBA loan? Here's one Oklahoma business loan, issued by a Fayetteville bank, that was approved by the SBA.

Applying for an SBA loan with Arvest Bank worked out well for our friends at High Gravity, LLC in Tulsa, Oklahoma. They received an SBA loan for $56,000. Great job!

SBA Loan Borrower

HIGH GRAVITY, LLC
7164 S. MEMORIAL DRIVE
TULSA, OK 74133

SBA Loan Lender

ARVEST BANK
75 N EAST AVE
FAYETTEVILLE, AR 72701

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

445310 - Beer, Wine, and Liquor Stores

Loan Approval Date

5/6/2006

Loan Approval Gross Amount

$56,000

Loan Approval from the SBA

Of the total $56,000 loan amount, the SBA guaranteed $47,600.

More Information on This SBA Loan

The borrower, High Gravity, LLC, borrowed this money for a new business. The SBA's record indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 3 employees. This SBA loan request indicated that the loan would help retain 3 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

Although it's called an SBA loan, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

Your solution for where to find money to start a business may be an SBA guaranteed loan. High Gravity, LLC recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

About This SBA Loan Information:

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

Related Links:

Business Incubators

Best Fayetteville, Arkansas Banks for Small Business

Getting an SBA Loan in Arkansas

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.