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| Entrepreneur Resources | Arkansas Valley State Bank Broken Arrow Business Loans | ||||
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Small Business Banks for Entrepreneurs in Oklahoma
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Laser Engineering & Fabricatio Gets an Oklahoma Small Business LoanOklahoma SBA loans are available to Oklahoma entrepreneurs through the SBA. In this case, an Oklahoma bank provides the loan.
Laser Engineering & Fabricatio, based in Tulsa, Oklahoma, offers a good example of how small businesses get financed. Taking advantage of the SBA's guaranteed loan program, they were able to get a loan from Arkansas Valley State Bank. We've got the inside scoop on this Oklahoma small business loan. SBA Loan Borrower LASER ENGINEERING & FABRICATIO SBA Loan Lender ARKANSAS VALLEY STATE BANK This small 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 332312 - Fabricated Structural Metal Manufacturing Loan Approval Date 10/21/2003 Loan Approval Gross Amount $1,233,071 Loan Approval from the SBA Of the total $1,233,071 loan amount, the SBA guaranteed $579,543. More Information on This SBA Loan The borrower, Laser Engineering & Fabricatio, 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 50 employees. This SBA loan request did not indicate that the business planned to use the money to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? If you need money to start a business or already have a business and need money to expand, an SBA loan can be a great way to raise money Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like Laser Engineering & Fabricatio did when it applied for and received this $1,233,071 loan. Remember, if it to be, it is up to me! About This SBA Loan Information: All SBA loan data displayed above comes from the government's SBA loan database. Related Links: Role of Business Plan When Raising Money Best Banks in Broken Arrow, Oklahoma Where to Get an SBA Loan 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.
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