Bancfirst Provides SBA Loan to Buy Boconcept Franchise

Need money to invest in a Boconcept franchise? Bancfirst has a history of making these loans and they are guaranteed by the SBA.

If you live near Oklahoma City, Oklahoma and are interested in buying a Boconcept franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2007 by Bancfirst. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

BOCONCEPT
OKLAHOMA CITY, OK 73120

SBA Loan Lender

BANCFIRST
101 N BROADWAY, STE 1050
OKLAHOMA CITY, OK 73102

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

442110 - Furniture Stores

Loan Approval Date

4/27/2007

Loan Approval Gross Amount

$446,600

Loan Approval from the SBA

Of the total $446,600 loan amount, the SBA guaranteed $334,950.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Boconcept franchise. At the time of the loan, the company had only one employee. This SBA loan request indicated that the loan would help generate 4 new jobs and retain 5 existing jobs.

Start the Process for Getting an SBA Loan Today!

Don't forget. To get an SBA loan, you must 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 Bancfirst 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:

Boconcept

Realistic Debt Financing Options

SBA Banks in Oklahoma City, Oklahoma

Getting an SBA Loan in Oklahoma