Owasso, OK Entrepreneur Gets SBA Loan to Buy Medicap Pharmacy Franchise

Need a loan to invest in a Medicap Pharmacy franchise? Bank - Oklahoma has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Medicap Pharmacy franchise? If so, here's a 2001 SBA franchise loan that you should know about. Bank - Oklahoma was the lender and the entrepreneur was based in Owasso, Oklahoma.

SBA Loan Borrower

MEDICAP PHARMACY
OWASSO, OK 74112

SBA Loan Lender

BANK - OKLAHOMA
ONE WILLIAMS CTR
TULSA, OK 74172

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

446110 - Pharmacies and Drug Stores

Loan Approval Date

3/6/2001

Loan Approval Gross Amount

$205,100

Loan Approval from the SBA

Of the total $205,100 loan amount, the SBA guaranteed $153,825.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Medicap Pharmacy franchise. At the time of the loan, the company had 3 employees. The loan application indicated that the loan would help generate 3 new jobs.

Start the Process for Getting an SBA Loan Today!

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

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:

Medicap Pharmacies, Inc.

Business Cash Advances

Small Business Banks in Tulsa, Oklahoma

Oklahoma SBA 7A Lenders