Stillwater, OK Entrepreneur Gets SBA Loan to Buy Shake's Frozen Custard Franchise

Borrowing money to invest in a Shake's Frozen Custard franchise? The Bank, National Association has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Stillwater, Oklahoma needed money to invest in a Shake's Frozen Custard franchise back in 2007. The Bank, National Association issued an SBA franchise loan. Here are the details on this Oklahoma small business loan.

SBA Loan Borrower

SHAKE'S FROZEN CUSTARD
STILLWATER, OK 74074

SBA Loan Lender

THE BANK, NATIONAL ASSOCIATION
2ND & CARL ALBERT PKWY
MCALESTER, OK 74501

The lender provided this small business loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

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

424820 - Wine and Distilled Alcoholic Beverage Merchant Wholesalers

Loan Approval Date

3/27/2007

Loan Approval Gross Amount

$171,500

Loan Approval from the SBA

Of the total $171,500 loan amount, the SBA guaranteed $85,750.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Shake's Frozen Custard franchise. At the time of the loan, the company had 9 employees. The loan application indicated that the loan would help retain 9 existing jobs.

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

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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:

Shake's Frozen Custard, Inc

Direct Public Offerings

Best Mcalester, Oklahoma Banks for Small Business

Oklahoma SBA 7A Banks