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November 14, 2024  
 
 
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Where to Get a Business Loan to Purchase a Franchise

 

 
Loan Census SBA Loan Info

Loan to Buy Bellacino's Pizza Franchise Issued By Onb Bank And Trust Company

Borrowing money to purchase a Bellacino's Pizza franchise? Onb Bank And Trust Company has a history of making these loans and they are guaranteed by the SBA.

If you live near Sapulpa, Oklahoma and are interested in buying a Bellacino's Pizza franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2007 by Onb Bank And Trust Company. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

C&C ENTERPISES, INC.
SAPULPA, OK 74066

SBA Loan Lender

ONB BANK AND TRUST COMPANY
8908 S YALE AVE, STE 100
TULSA, OK 74137

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

1/23/2007

Loan Approval Gross Amount

$55,000

Loan Approval from the SBA

Of the total $55,000 loan amount, the SBA guaranteed $46,750.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Bellacino's Pizza franchise. At the time of the loan, the company had 25 employees. The SBA loan application for the borrower indicated that the loan would help retain 25 existing jobs.

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

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Onb Bank And Trust Company 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:

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Microlending as a Small Business Funding Source

SBA 7A Banks for Tulsa, Oklahoma Loans

Oklahoma SBA 7A Lenders