Oklahoma City, Oklahoma Bank Lends Money to Full-Service Restaurants Company in Oklahoma City, Oklahoma

An Oklahoma City, Oklahoma SBA loan can be yours. Learn how a business got a $474,300 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: FULL-SERVICE RESTAURANTS
OKLAHOMA CITY, OK 73114

SBA Loan Lender

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

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

8/31/2005

Loan Approval Gross Amount

$474,300

Loan Approval from the SBA

Of the total $474,300 loan amount, the SBA guaranteed $355,725.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 30 employees. The loan application indicated that the loan would help generate 20 new jobs and retain 50 existing jobs.

Getting an SBA Loan For Your Business

If you are wondering how to raise money for a business in Oklahoma City OK, you ought to talk with a local Oklahoma City SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Oklahoma City businesses.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $474,300 loan. Remember, if it to be, it is up to me!

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:

Advice on Getting a Small Business Loan

SBA Participating Banks in Oklahoma City, Oklahoma

Where to Get an SBA Loan Oklahoma