Edmond, OK Entrepreneur Gets SBA Loan to Buy California Closet closet Organizer Franchise

Borrowing money to purchase a California Closet closet Organizer franchise? Bank Of America has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a California Closet closet Organizer franchise shouldn't be too tough. In 2001, Bank Of America issued an SBA franchise loan to an entrepreneur in Edmond, Oklahoma. Because California Closet closet Organizer was registered with the SBA's registry of franchises, this Oklahoma small business loan was issued on an expedited basis.

SBA Loan Borrower

CALIFORNIA CLOSETS
EDMOND, OK 73034

SBA Loan Lender

BANK OF AMERICA
100 N TRYON ST
CHARLOTTE, NC 28255

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

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

493190 - Warehousing and Storage

Loan Approval Date

1/31/2001

Loan Approval Gross Amount

$113,000

Loan Approval from the SBA

Of the total $113,000 loan amount, the SBA guaranteed $56,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a California Closet closet Organizer franchise. At the time of the loan, the company had 2 employees. The SBA loan documents indicated that the loan would help retain 2 existing jobs.

Start the Process for Getting an SBA Loan Today!

If you are working on finding money to start a business in Edmond OK, you ought to talk with a local Edmond SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Edmond businesses.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Bank Of America are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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:

California Closet Company, Inc.

Family and Friend Investors - Your First Financiers

SBA Approved Banks in Charlotte, North Carolina

North Carolina SBA Banks