SBA Loan from Arkansas Valley State Bank Helps Uncle Bently's Pub & Grill

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 Uncle Bently's Pub & Grill back in 2007 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

UNCLE BENTLY'S PUB & GRILL
4902 S SHERIDAN
TULSA, OK 74145

SBA Loan Lender

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

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722410 - Drinking Places (Alcoholic Beverages)

Loan Approval Date

6/8/2007

Loan Approval Gross Amount

$82,300

Loan Approval from the SBA

Of the total $82,300 loan amount, the SBA guaranteed $69,955.

More Information on This SBA Loan

The borrower, Uncle Bently's Pub & Grill, 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 7 employees. The loan application indicated that the loan would help generate 1 new job and retain 7 existing jobs.

Next Steps for Getting an SBA Loan

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

This SBA loan was for $82,300. How would you spend $82,300 on your business? If you apply for an SBA loan, you, like the entrepreneurs at Uncle Bently's Pub & Grill, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

About This SBA Loan Information:

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

Related Links:

Business Line of Credit

Best Banks for Small Business in Broken Arrow, Oklahoma

SBA Oklahoma Lenders

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