Entrepreneur Works With Oklahoma City, Oklahoma Bank to Get an SBA Loan
An Oklahoma City, Oklahoma small business loan can be yours. Learn how one firm got a $60,000 business loan from this Oklahoma bank.
This loan to a local firm is a good example of an SBA loan. Bancfirst made the loan and the SBA guaranteed a portion of the loan. Many other Oklahoma entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take.
SBA Loan Borrower
COMPANY TYPE: EATING PLACES
NORMAN, OK 73071
SBA Loan Lender
BANCFIRST
101 N BROADWAY, STE 1050
OKLAHOMA CITY, OK 73102
This commercial loan was issued under the SBA's Certified Lenders Program (CLP), which means that this lending institution has a successful SBA lending track record and a thorough understanding of SBA policies and procedures.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
5812 - Eating Places
NAICS Code
722211 - Limited-Service Restaurants
Loan Approval Date
11/30/2000
Loan Approval Gross Amount
$60,000
Loan Approval from the SBA
Of the total $60,000 loan amount, the SBA guaranteed $48,000.
More Information on This SBA Loan
The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company
had 5 employees. This SBA loan request did not indicate that the business planned 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?
If you are raising money in Norman OK, you ought to talk with a local Norman SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Norman businesses.
If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from Bancfirst so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.
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:
Obtaining Funding From a Venture Capitalist
SBA Approved Banks in Oklahoma City, Oklahoma
Oklahoma SBA 7A Lenders