Mastercraft Tires Gets an Oklahoma Business Loan

Would an Oklahoma small business loan help your small business to grow and prosper? If so, you may want to talk with this Oklahoma bank, which offers SBA loans to Oklahoma entrepreneurs.

Getting a small business loan in Tulsa, Oklahoma was a top priority for Mastercraft Tires back in 2004 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

MASTERCRAFT TIRES
3866 S. SHERIDAN
TULSA, OK 74145

SBA Loan Lender

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

This lender issued this business loan under the SBA 7A lending program , in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

326211 - Tire Manufacturing (except Retreading)

Loan Approval Date

9/14/2004

Loan Approval Gross Amount

$274,810

Loan Approval from the SBA

Of the total $274,810 loan amount, the SBA guaranteed $206,108.

More Information on This SBA Loan

The borrower, Mastercraft Tires, borrowed this money for an existing 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 6 employees. This SBA loan request did not indicate that the company planned to use the money to increase staffing levels or retain any existing employees. This loan was paid in full, and was closed out on 1/31/2007.

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

If you are wondering how to find money to start a business or need money to grow a business, an SBA loan can be a great funding source

If Mastercraft Tires can get an SBA loan, there's no reason you can't get an SBA loan too. The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

About This SBA Loan Information:

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

Related Links:

Realistic Debt Financing Options

SBA 7A Banks 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.