Arvest Bank SBA Loan to Dj's Welding Service, Inc.

Arvest Bank has a track record as a leading provider of SBA loans. Find out how this Oklahoma entrepreneur received an SBA loan from them.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Yukon, Oklahoma was able to borrow $5,200 from Arvest Bank. The SBA made the loan possible by guaranteeing $2,600 of this Oklahoma small business loan.

SBA Loan Borrower

DJ's Welding Service, Inc.
1105 Ridgeway Dr.
Yukon, OK 73099

SBA Loan Lender

ARVEST BANK
3409 S PEORIA AVE, STE 1
TULSA, OK 74105

This lender processed this business loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

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

213112 - Support Activities for Oil and Gas Operations

Loan Approval Date

1/5/2006

Loan Approval Gross Amount

$5,200

Loan Approval from the SBA

Of the total $5,200 loan amount, the SBA guaranteed $2,600.

More Information on This SBA Loan

The borrower, Dj's Welding Service, Inc., 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 2 employees. This SBA loan request indicated that the loan would help retain 2 existing jobs. This loan was paid in full, and was closed out on 3/4/2008.

Next Steps for Getting an SBA Loan

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

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. If a firm like Dj's Welding Service, Inc. is able to get a $5,200 loan, why not give getting an SBA loan of your own a try?

About This SBA Loan Information:

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

Related Links:

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