Weatherford, OK Entrepreneur Gets SBA Loan to Buy Taco Mayo Franchise

Need a loan to purchase a Taco Mayo franchise? Oklahoma Bank & Trust has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Taco Mayo franchise? If so, here's a 2006 SBA franchise loan that you should know about. Oklahoma Bank & Trust was the lender and the entrepreneur was based in Weatherford, Oklahoma.

SBA Loan Borrower

TACO MAYO
WEATHERFORD, OK 73096

SBA Loan Lender

OKLAHOMA BANK & TRUST
600 GARY BLVD
CLINTON, OK 73601

This SBA loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

5/25/2006

Loan Approval Gross Amount

$525,748

Loan Approval from the SBA

Of the total $525,748 loan amount, the SBA guaranteed $394,311.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Taco Mayo franchise. At the time of the loan, the company had 46 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the money to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

This company got an SBA loan. You can too! Maybe you need seed money for business? Maybe you need money to buy a business? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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.

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