Borrow Money to Buy a Mcdonald's Franchise

Borrowing money to invest in a Mcdonald's franchise? Union Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Mcdonald's franchise shouldn't be overly burdensome. In 2005, Union Bank issued an SBA franchise loan to an entrepreneur in Oklahoma City, Oklahoma. Because Mcdonald's was registered with the SBA's registry of franchises, this Oklahoma small business loan was issued on an expedited basis.

SBA Loan Borrower

MCDONALD'S STORE #10325
OKLAHOMA CITY, OK 73136

SBA Loan Lender

UNION BANK
4921 N MAY AVE
OKLAHOMA CITY, OK 73112

This lender issued this commercial loan under the 7A SBA program, in which the SBA provides guaranteed loans to small business owners. This lending program began in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

11/15/2005

Loan Approval Gross Amount

$752,000

Loan Approval from the SBA

Of the total $752,000 loan amount, the SBA guaranteed $564,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Mcdonald's franchise. At the time of the loan, the company had 161 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the loan proceeds to increase staffing levels or retain any existing employees.

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

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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:

McDonald's Corporation

Accountant's Role in Securing Financing

SBA Participating Banks in Oklahoma City, Oklahoma

Getting an SBA Loan in Oklahoma