Oklahoma Entrepreneur Secures Financing to Buy Fuddrucker's Franchise

Need money to buy a Fuddrucker's franchise? Spiritbank has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Fuddrucker's franchise? If so, here's a 2004 SBA franchise loan that you should know about. Spiritbank was the lender and the entrepreneur was based in Tulsa, Oklahoma.

SBA Loan Borrower

FUDDRUCKERS
TULSA, OK 74105

SBA Loan Lender

SPIRITBANK
4815 S HARVARD
TULSA, OK 74135

This loan was issued by an SBA Certified Lenders Program (CLP) lender. CLP lenders perform a thorough analysis of the loan application and, in return, SBA delivers a fast loan decision.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

11/3/2004

Loan Approval Gross Amount

$783,950

Loan Approval from the SBA

Of the total $783,950 loan amount, the SBA guaranteed $587,963.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Fuddrucker's franchise. At the time of the loan, the company had 70 employees. The SBA loan documents did not indicate that the small business planned to use the money to add employees or retain any existing employees.

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

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

This SBA loan was for $783,950. How would you spend $783,950 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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:

Fuddruckers, Inc.

Realistic Debt Financing Options

SBA 7A Banks for Tulsa, Oklahoma Loans

Getting a Business Loan in Oklahoma