Onb Bank And Trust Company Provides SBA Loan to Buy Camille's Sidewalk Cafe Franchise

Borrowing money to purchase a Camille's Sidewalk Cafe franchise? Onb Bank And Trust Company has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Camille's Sidewalk Cafe franchise shouldn't be too tough. In 2006, Onb Bank And Trust Company issued an SBA franchise loan to an entrepreneur in Claremore, Oklahoma. Because Camille's Sidewalk Cafe was registered with the SBA's registry of franchises, this Oklahoma small business loan was issued on an expedited basis.

SBA Loan Borrower

CAMILLE'S RESTAURANT
CLAREMORE, OK 74017

SBA Loan Lender

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

This commercial 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

1/4/2006

Loan Approval Gross Amount

$382,000

Loan Approval from the SBA

Of the total $382,000 loan amount, the SBA guaranteed $286,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Camille's Sidewalk Cafe franchise. At the time of the loan, the company had 4 employees. The SBA loan documents did not indicate that the small business planned to use the money to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

If you need business start up money in Claremore OK, you ought to talk with a local Claremore SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Claremore businesses.

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 Onb Bank And Trust Company 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:

Camille's Sidewalk Cafe

Business Credit Evaluation

Small Bank Loans in Tulsa, Oklahoma

SBA Lenders in Oklahoma