Loans for Limited-Service Restaurants

Looking for loans for limited-service restaurants? Talk to a banker who works with the SBA. This $30,600 limited-service restaurants loan was issued by an Oklahoma bank.

This company knew how to go about getting a business bank loan. Based in Snyder, Oklahoma, they applied for and were awarded an SBA-guaranteed loan in 2004. The lending bank was 1st National Bank - Davis, based in Davis, Oklahoma.

SBA Loan Borrower

COMPANY TYPE: LIMITED-SERVICE RESTAURANTS
SNYDER, OK 73566

SBA Loan Lender

1ST NATIONAL BANK - DAVIS
227 E MAIN ST
DAVIS, OK 73030

This lender processed this debt financing under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

7/13/2004

Loan Approval Gross Amount

$30,600

Loan Approval from the SBA

Of the total $30,600 loan amount, the SBA guaranteed $15,300.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. This SBA loan request indicated that the loan would help generate 1 new job and retain 3 existing jobs.

Next Steps for Getting an SBA Loan

If you are wondering how to raise money for a business in Snyder OK, you ought to talk with a local Snyder SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Snyder businesses.

If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from 1st National Bank - Davis so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

Obtaining Funding - Friends and Family

Good Banks for Small Business in Davis, Oklahoma

Find an SBA Lender in Oklahoma