Claremore, OK Entrepreneur Gets SBA Loan to Buy Camille's Sidewalk Cafe Franchise

Need a loan to purchase a Camille's Sidewalk Cafe franchise? Onb Bank And Trust Company has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Camille's Sidewalk Cafe franchise shouldn't be overly burdensome. In 2006, Onb Bank And Trust Company issued an SBA franchise loan to an entrepreneur in Claremore, Oklahoma. Because Camille's Sidewalk Cafe was registered with the SBA's registry of franchises, this Oklahoma small business loan was issued on an expedited basis.

SBA Loan Borrower

VP WRAPS KS1 LLC
CLAREMORE, OK 74017

SBA Loan Lender

ONB BANK AND TRUST COMPANY
8908 S YALE AVE, STE 100
TULSA, OK 74137

This lender provides SBA bank loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

8/3/2006

Loan Approval Gross Amount

$450,000

Loan Approval from the SBA

Of the total $450,000 loan amount, the SBA guaranteed $337,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Camille's Sidewalk Cafe franchise. At the time of the loan, the company had only one employee. The SBA loan documents indicated that the loan would help generate 19 new jobs and retain 20 existing jobs.

Getting an SBA Loan For Your Business

Remember, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Onb Bank And Trust Company and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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:

Camille's Sidewalk Cafe

Attracting Investors

SBA Approved Banks in Tulsa, Oklahoma

SBA Lenders in Oklahoma