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December 22, 2024 |
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| Home > Small Business Lenders by State > Oklahoma Business Loan Sources > Oklahoma City, Business Loans > Bancfirst Oklahoma City Business Loans > Subway Sandwiches & Salads Loan | ||||
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Tips for Borrowing Money to Buy a Franchise
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Bancfirst Provides SBA Loan to Buy Subway Sandwich Shop FranchiseNeed money to purchase a Subway Sandwich Shop franchise? Bancfirst has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Oklahoma City, Oklahoma needed money to invest in a Subway Sandwich Shop franchise back in 2001. Bancfirst issued an SBA franchise loan. Here are the details on this Oklahoma small business loan. SBA Loan Borrower SUBWAY SANDWICHES & SALADS SBA Loan Lender BANCFIRST When it made this small business loan, this bank was part of the SBA's Certified Lenders Program (CLP). This program is designed to offer rapid service on loan applications received from lenders who have a successful SBA lending track record and a thorough understanding of SBA policies and procedures. CLP lenders perform a complete analysis of the application and, in return, SBA promises a fast loan decision. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 5/10/2001 Loan Approval Gross Amount $75,000 Loan Approval from the SBA Of the total $75,000 loan amount, the SBA guaranteed $63,750. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Subway Sandwich Shop franchise. At the time of the loan, the company had 24 employees. The loan application did not indicate that the company planned to use the funding to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan. 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: Microlending as a Small Business Funding Source Find an SBA Lender in Oklahoma City, Oklahoma
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