Loan Census Banking News and Information
November 21, 2024  
 
 
  Business Loan Information  
 

Broken Arrow, Oklahoma Bank Loan

 

 
Loan Census SBA Loan Info

Bancfirst Provides SBA Loan to Buy Wings To Go Franchise

Need money to invest in a Wings To Go franchise? Bancfirst has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Wings To Go franchise is doable. In 2004, Bancfirst issued an SBA franchise loan to an entrepreneur in Broken Arrow, Oklahoma. Because Wings To Go was registered with the SBA's registry of franchises, this Oklahoma small business loan was issued on an expedited basis.

SBA Loan Borrower

WINGS TO GO BROKEN ARROW
BROKEN ARROW, OK 74012

SBA Loan Lender

BANCFIRST
101 N BROADWAY, STE 1050
OKLAHOMA CITY, OK 73102

This SBA small business loan was underwritten by an SBA Certified Lenders Program (CLP) lender. CLP lenders perform a comprehensive analysis of the loan application and, in return, SBA delivers a quick answer on whether the loan qualifies.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

6/10/2004

Loan Approval Gross Amount

$100,000

Loan Approval from the SBA

Of the total $100,000 loan amount, the SBA guaranteed $85,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Wings To Go franchise. At the time of the loan, the company had 9 employees. The SBA loan application for the borrower did not indicate that the business planned to use the funding to hire new employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

About This SBA Loan Information:

All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ.

Related Links:

Wings To Go

Obtaining Funding From a Venture Capitalist

SBA Banks in Oklahoma City, Oklahoma

Oklahoma SBA 7A Lenders