Tulsa, Oklahoma Business Gets SBA-Guaranteed Funding from Arkansas Valley State Bank

Arkansas Valley State Bank is a source for SBA loans that have lower down payments and longer repayment terms than many other financing options. To help you understand SBA loans, we've featured one Oklahoma entrepreneur who tapped into the power of SBA loans.

Getting a small business loan in Tulsa, Oklahoma was an essential business goal for Romero Chiropractic Services P back in 2006 and, based on their loan application, they were successful in getting an SBA loan from Arkansas Valley State Bank, operating out of Broken Arrow, Oklahoma. Here are the details on this Oklahoma small business loan.

SBA Loan Borrower

ROMERO CHIROPRACTIC SERVICES P
5401 E 71ST STREET
TULSA, OK 74136

SBA Loan Lender

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

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

621310 - Offices of Chiropractors

Loan Approval Date

2/10/2006

Loan Approval Gross Amount

$99,800

Loan Approval from the SBA

Of the total $99,800 loan amount, the SBA guaranteed $49,900.

More Information on This SBA Loan

The borrower, Romero Chiropractic Services P, 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 9 employees. The SBA loan documents indicated that the loan would help generate 10 new jobs and retain 10 existing jobs. This loan was paid in full, and was closed out on 3/30/2007.

Start the Process for Getting an SBA Loan Today!

If you are wondering how to raise money for a company in Tulsa OK, you ought to talk with a local Tulsa SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Tulsa businesses.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. Romero Chiropractic Services P 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 Romero Chiropractic Services P 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:

How Equity Dilution Works

Who Lends Money to Small Businesses in Broken Arrow, Oklahoma

SBA Oklahoma Lenders

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