Borrow Money to Buy a Daylight Donut Shop Franchise

Need money to purchase a Daylight Donut Shop franchise? The Exchange Bank has a history of making these loans and they are guaranteed by the SBA.

Daylight Donut Shop franchise loans are available to Sperry, Oklahoma entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, The Exchange Bank, based in Skiatook, Oklahoma, issued an SBA franchise loan for a Daylight Donut Shop franchise in 2001. We've got all the details on this Oklahoma small business loan.

SBA Loan Borrower

DAYLIGHT DONUTS
SPERRY, OK 74073

SBA Loan Lender

THE EXCHANGE BANK
300 W ROGERS BLVD
SKIATOOK, OK 74070

This lender issued this particular business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

311812 - Commercial Bakeries

Loan Approval Date

10/29/2001

Loan Approval Gross Amount

$108,200

Loan Approval from the SBA

Of the total $108,200 loan amount, the SBA guaranteed $91,970.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Daylight Donut Shop franchise. At the time of the loan, the company had only one employee. This SBA loan request did not indicate that the SBA funding recipient planned to use the funding to hire new employees or retain any existing employees.

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

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $108,200 loan. Remember, you control your own destiny.

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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SBA Participating Banks in Skiatook, Oklahoma

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