Loan to Buy All Night Auto Franchise Issued By Bank - Oklahoma

Borrowing money to buy an All Night Auto franchise? Bank - Oklahoma has a history of making these loans and they are guaranteed by the SBA.

All Night Auto franchise loans are available to Norman, Oklahoma entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Bank - Oklahoma, based in Oklahoma City, Oklahoma, issued an SBA franchise loan for an All Night Auto franchise in 2002. We've got all the details on this Oklahoma small business loan.

SBA Loan Borrower

ALL NIGHT AUTO
NORMAN, OK 73072

SBA Loan Lender

BANK - OKLAHOMA
7701 S WESTERN
OKLAHOMA CITY, OK 73139

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

811198 - Automotive Repair and Maintenance

Loan Approval Date

5/3/2002

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy an All Night Auto franchise. At the time of the loan, the company had 8 employees. The SBA loan documents did not indicate that the company promised to use the funding to increase staffing levels or retain any existing employees.

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

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer 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.

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