Borrow Money to Buy a Melting Pot Franchise

Need a loan to purchase a Melting Pot franchise? Bank - Oklahoma has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Melting Pot franchise? If so, here's a 2006 SBA franchise loan that you should know about. Bank - Oklahoma was the lender and the entrepreneur was based in Tulsa, Oklahoma.

SBA Loan Borrower

OK FONDUE LLC
TULSA, OK 74137

SBA Loan Lender

BANK - OKLAHOMA
ONE WILLIAMS CTR
TULSA, OK 74172

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

11/7/2006

Loan Approval Gross Amount

$1,152,273

Loan Approval from the SBA

Of the total $1,152,273 loan amount, the SBA guaranteed $864,205.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Melting Pot franchise. At the time of the loan, the company had 2 employees. The SBA loan documents indicated that the loan would help generate 60 new jobs and retain 60 existing jobs.

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

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Bank - Oklahoma and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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 7A Banks in Tulsa, Oklahoma

Oklahoma SBA 7A Lenders