Seminole, OK Entrepreneur Gets SBA Loan to Buy A & W Restaurant Franchise

Need money to buy an A & W Restaurant franchise? Bancfirst has a history of making these loans and they are guaranteed by the SBA.

A & W Restaurant franchise loans are available to Seminole, Oklahoma entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Bancfirst, based in Oklahoma City, Oklahoma, issued an SBA franchise loan for an A & W Restaurant franchise in 2005. We've got all the details on this Oklahoma small business loan.

SBA Loan Borrower

LONG JOHN SILVERS/ A&W
SEMINOLE, OK 74868

SBA Loan Lender

BANCFIRST
101 N BROADWAY, STE 1050
OKLAHOMA CITY, OK 73102

This lender provides SBA debt financing as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

5/11/2005

Loan Approval Gross Amount

$755,200

Loan Approval from the SBA

Of the total $755,200 loan amount, the SBA guaranteed $566,400.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy an A & W Restaurant franchise. At the time of the loan, the company had 40 employees. The SBA loan documents indicated that the funding would help generate 40 new jobs.

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

SBA loans provide smart, affordable business financing for small businesses looking to expand.

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:

SBIR Funding

SBA 7A Banks in Oklahoma City, Oklahoma

SBA Oklahoma Lenders