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November 22, 2024 |
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| Home > Small Business Lenders by State > Oklahoma Business Loan Sources > Fayetteville, Business Loans > Arvest Bank Fayetteville Business Loans > Steak N Shake Loan | ||||
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Raising Money in Edmond, Oklahoma With SBA Loans
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Edmond, OK Entrepreneur Gets SBA Loan to Buy Steak N Shake FranchiseNeed money to invest in a Steak N Shake franchise? Arvest Bank has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a Steak N Shake franchise is doable. In 2005, Arvest Bank issued an SBA franchise loan to an entrepreneur in Edmond, Oklahoma. Because Steak N Shake was registered with the SBA's registry of franchises, this Oklahoma small business loan was issued on an expedited basis. SBA Loan Borrower STEAK N SHAKE SBA Loan Lender ARVEST BANK This SBA loan was sent in by an SBA Certified Lenders Program (CLP) lender. CLP lenders perform a thorough analysis of the loan application and, in return, SBA promises a fast loan decision. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722110 - Full-Service Restaurants Loan Approval Date 7/29/2005 Loan Approval Gross Amount $238,000 Loan Approval from the SBA Of the total $238,000 loan amount, the SBA guaranteed $178,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Steak N Shake franchise. At the time of the loan, the company had 150 employees. This SBA loan request did not indicate that the SBA funding recipient planned to use the loan proceeds to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! If you are wondering how to find money to start a business or need money to grow a business, an SBA loan can be a great funding source Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Arvest Bank and they will explain how you can get an SBA loan for your company. 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: Find an SBA Lender in Fayetteville, Arkansas
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