Loan Census Banking News and Information
July 9, 2020  
 
 
  Business Loan Information  
 

Owasso, Oklahoma Bank Loan

 

 
Loan Census SBA Loan Info

Borrow Money to Buy a Java Daves Franchise

Need money to purchase a Java Daves franchise? Midfirst Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Owasso, Oklahoma needed money to invest in a Java Daves franchise back in 2000. Midfirst Bank issued an SBA franchise loan. Here are the details on this Oklahoma small business loan.

SBA Loan Borrower

JAVA DAVE'S
OWASSO, OK 74065

SBA Loan Lender

MIDFIRST BANK
321 S BOSTON AVE
TULSA, OK 74103

This lender issued this particular bank loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

2095 - Roasted Coffee

NAICS Code

311920 - Coffee and Tea Manufacturing

Loan Approval Date

2/23/2000

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $112,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Java Daves franchise. At the time of the loan, the company had 6 employees. The SBA loan application for the borrower did not indicate that the company planned to use the loan proceeds to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans provide smart, affordable business financing for small businesses looking to expand.

We can help you find the best banks for small businesses in Owasso or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

Java Dave's Coffee

Bank Credit Lines

Who Lends Money to Small Businesses in Tulsa, Oklahoma

Getting an SBA Loan in Oklahoma