Onb Bank And Trust Company Provides SBA Loan to Buy Foot Solutions Franchise

Need a loan to buy a Foot Solutions franchise? Onb Bank And Trust Company has a history of making these loans and they are guaranteed by the SBA.

If you live near Tulsa, Oklahoma and are interested in buying a Foot Solutions franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2006 by Onb Bank And Trust Company. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

FOOT SOLUTIONS
TULSA, OK 74133

SBA Loan Lender

ONB BANK AND TRUST COMPANY
8908 S YALE AVE, STE 100
TULSA, OK 74137

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA bank loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

448210 - Shoe Stores

Loan Approval Date

8/9/2006

Loan Approval Gross Amount

$194,300

Loan Approval from the SBA

Of the total $194,300 loan amount, the SBA guaranteed $145,725.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Foot Solutions franchise. At the time of the loan, the company had 5 employees. This SBA loan request indicated that the loan would help generate 5 new jobs and retain 10 existing jobs.

Next Steps for Getting an SBA Loan

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

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Onb Bank And Trust Company had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Onb Bank And Trust Company 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.

Related Links:

Foot Solutions

Bank Credit Lines

SBA Participating Banks in Tulsa, Oklahoma

Getting a Business Loan in Oklahoma