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May 5, 2024 |
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| Home > Small Business Lenders by State > Oklahoma Business Loan Sources > Oklahoma City, Business Loans > Union Bank Oklahoma City Business Loans > Eating Places Loan | ||||
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We Needed a Business Loan in Oklahoma City, Oklahoma and We Got One!
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Limited-Service Restaurants Commercial LoansLooking for commercial loans for limited-service restaurants? Try the SBA. This $100,000 limited-service restaurants loan was issued by an Oklahoma bank. This business received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with Union Bank, out of Oklahoma City, Oklahoma. The loan was granted and they received $100,000 to help grow their Oklahoma City, Oklahoma business. SBA Loan Borrower COMPANY TYPE: EATING PLACES SBA Loan Lender UNION BANK This business 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. SIC Code 5812 - Eating Places NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 10/20/2003 Loan Approval Gross Amount $100,000 Loan Approval from the SBA Of the total $100,000 loan amount, the SBA guaranteed $85,000. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 30 employees. The SBA loan application for the borrower did not indicate that the company promised to use the money to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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: Find an SBA Lender in Oklahoma City, Oklahoma
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