Tulsa, Oklahoma Entrepreneur Gets a Bank Loan

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

You can learn something about getting a small business loan in Tulsa, Oklahoma by studying this loan to Mack's Grill, made back in 2007. Banks like Arkansas Valley State Bank may also be willing to lend to you, given that they granted this small business loan.

SBA Loan Borrower

MACK'S GRILL
8102 S LEWIS AVE
TULSA, OK 74137

SBA Loan Lender

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

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide commercial loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

7/3/2007

Loan Approval Gross Amount

$33,500

Loan Approval from the SBA

Of the total $33,500 loan amount, the SBA guaranteed $28,475.

More Information on This SBA Loan

The borrower, Mack's Grill, borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. The SBA loan documents indicated that the loan would help generate 12 new jobs and retain 2 existing jobs.

Getting an SBA Loan For Your Business

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this Mack's Grill loan from Arkansas Valley State Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

About This SBA Loan Information:

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

Related Links:

Business Incubators

SBA Approved Banks in Broken Arrow, Oklahoma

SBA Oklahoma Banks

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.