Getting an SBA Loan for Limited-Service Restaurants

Looking for commercial loans for limited-service restaurants? Try the SBA. This $20,000 limited-service restaurants loan was issued by an Oklahoma bank.

This small business received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with First National Bank - Oklahoma, out of Oklahoma City, Oklahoma. The loan was granted and they received $20,000 to help grow their Oklahoma City, Oklahoma business.

SBA Loan Borrower

COMPANY TYPE: LIMITED-SERVICE RESTAURANTS
OKLAHOMA CITY, OK 73126

SBA Loan Lender

FIRST NATIONAL BANK - OKLAHOMA
5625 N WESTERN AVE
OKLAHOMA CITY, OK 73118

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

722211 - Limited-Service Restaurants

Loan Approval Date

1/16/2004

Loan Approval Gross Amount

$20,000

Loan Approval from the SBA

Of the total $20,000 loan amount, the SBA guaranteed $17,000.

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. The loan application did not indicate that the company promised to use the money to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

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 First National Bank - Oklahoma 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.

Who Lends Money to Small Businesses in Oklahoma City, Oklahoma

Getting an SBA Loan in Oklahoma

Raising Money in Oklahoma City, Oklahoma With SBA Loans

Getting an SBA Loan for Limited-Service Restaurants