Bancfirst Provides SBA Loan to Buy Fit For Her Franchise

Need money to invest in a Fit For Her franchise? Bancfirst has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Fit For Her franchise may simply require a phone call to a local SBA banker. In 2006, Bancfirst issued an SBA franchise loan to an entrepreneur in Skiatook, Oklahoma. Because Fit For Her was registered with the SBA's registry of franchises, this Oklahoma small business loan was issued on an expedited basis.

SBA Loan Borrower

FIT FOR HER SKIATOOK LLC
SKIATOOK, OK 74070

SBA Loan Lender

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

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

713940 - Fitness and Recreational Sports Centers

Loan Approval Date

9/21/2006

Loan Approval Gross Amount

$203,600

Loan Approval from the SBA

Of the total $203,600 loan amount, the SBA guaranteed $152,700.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Fit For Her franchise. At the time of the loan, the company had 3 employees. The SBA loan documents indicated that the loan would help generate 1 new job and retain 4 existing jobs.

Start the Process for Getting an SBA Loan Today!

If you are interested in getting money to start a business or need money for an existing business, an SBA loan can be a great funding source

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Bancfirst had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Bancfirst made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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.

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