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| Entrepreneur Resources | Arkansas Valley State Bank Broken Arrow Business Loans | ||||
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Broken Arrow, Oklahoma SBA Banks
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Broken Arrow, Oklahoma Bank Lends Money to Precious Angels Learning Cente in Tulsa, OklahomaWant to talk with a Broken Arrow, Oklahoma bank about an SBA loan? Here's one Oklahoma business loan, issued by a Broken Arrow bank, that was approved by the SBA.
Applying for an SBA loan with Arkansas Valley State Bank worked out well for our friends at Precious Angels Learning Cente in Tulsa, Oklahoma. They got an SBA loan for $14,200. Nice! SBA Loan Borrower PRECIOUS ANGELS LEARNING CENTE SBA Loan Lender ARKANSAS VALLEY STATE BANK This lender issued this debt financing under the 7A SBA program, in which the SBA provides guaranteed loans to small business owners. This lending program began in 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 624410 - Child Day Care Services Loan Approval Date 2/21/2007 Loan Approval Gross Amount $14,200 Loan Approval from the SBA Of the total $14,200 loan amount, the SBA guaranteed $12,070. More Information on This SBA Loan The borrower, Precious Angels Learning Cente, 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 3 employees. The SBA loan documents indicated that the loan would help generate 5 new jobs and retain 3 existing jobs. Next Steps for Getting an SBA Loan Many small businesses receive loans backed by the U.S. Small Business Administration. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. Precious Angels Learning Cente needed a loan. Arkansas Valley State Bank probably wouldn't have granted the loan based on the merits of the company, but with the SBA stepping up and agreeing to guarantee part of the loan, Arkansas Valley State Bank made the loan. The end result was that Precious Angels Learning Cente was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. About This SBA Loan Information: All SBA loan data displayed above comes from the government's SBA loan database. Related Links: Obtaining Funding - How to Decide How Much to Raise Find an SBA Lender in Broken Arrow, 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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