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November 24, 2024 |
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| Home > Small Business Lenders by State > Oklahoma Business Loan Sources > Oklahoma City, Business Loans > Bancfirst Oklahoma City Business Loans > Pass Your Plate Loan | ||||
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Where to Get an SBA Loan to Purchase a Franchise
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Oklahoma City, OK Entrepreneur Gets SBA Loan to Buy Pass Your Plate FranchiseNeed money to purchase a Pass Your Plate franchise? Bancfirst has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a Pass Your Plate franchise shouldn't be too tough. In 2005, Bancfirst issued an SBA franchise loan to an entrepreneur in Oklahoma City, Oklahoma. Because Pass Your Plate was registered with the SBA's registry of franchises, this Oklahoma small business loan was issued on an expedited basis. SBA Loan Borrower PASS YOUR PLATE SBA Loan Lender BANCFIRST This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 445299 - Specialty Food Stores Loan Approval Date 11/1/2005 Loan Approval Gross Amount $125,400 Loan Approval from the SBA Of the total $125,400 loan amount, the SBA guaranteed $106,590. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Pass Your Plate franchise. At the time of the loan, the company had 3 employees. The SBA loan documents indicated that the loan would help generate 3 new jobs and retain 3 existing jobs. Next Steps for Getting an SBA Loan SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Bancfirst that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP). 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 Approved Banks in Oklahoma City, Oklahoma
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