Arvest Bank saw nice growth on two big fronts in the past year: Small Business Administration loans and equipment financing loans.
Arvest announced late Friday that it made a record 145 new SBA loans in 2014 in its four-state region, up 22 percent from the previous record of 119 in 2012. The SBA loans accounted for about $32 million in volume, and Arvest expects to see that amount continue to grow this year. Arvest Bank has preferred lender status with the SBA, meaning its applications are streamlined.
“It’s…
Arvest Bank saw nice growth on two big fronts in the past year: Small Business Administration loans and equipment financing loans.
Arvest announced late Friday that it made a record 145 new SBA loans in 2014 in its four-state region, up 22 percent from the previous record of 119 in 2012. The SBA loans accounted for about $32 million in volume, and Arvest expects to see that amount continue to grow this year. Arvest Bank has preferred lender status with the SBA, meaning its applications are streamlined.
“It’s…