Midfirst Bank Provides SBA Loan to Buy Curves For Women Franchise
Borrowing money to invest in a Curves For Women franchise? Midfirst Bank has a history of making these loans and they are guaranteed by the SBA.
Want to borrow money to buy a Curves For Women franchise? If so, here's a 2000 SBA franchise loan that you should know about. Midfirst Bank was the lender and the entrepreneur was based in Tulsa, Oklahoma.
SBA Loan Borrower
CURVES FOR WOMEN
TULSA, OK 74113
SBA Loan Lender
321 S BOSTON AVE
TULSA, OK 74103
This was a Low Documentation SBA loan. The SBA started this program to reduce the paperwork associated with getting a loan . The low-doc program requires completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Right now, the maximum small business loan for this SBA program is $100,000.
SBA Loan Program Type
This loan was issued as a general business loan.
7991 - Physical Fitness Facilities
713940 - Fitness and Recreational Sports Centers
Loan Approval Date
Loan Approval Gross Amount
Loan Approval from the SBA
Of the total $47,500 loan amount, the SBA guaranteed $38,000.
More Information on This SBA Loan
The borrower borrowed this money for a new business. This loan was used to buy a Curves For Women franchise. At the time of the loan, the company
had 4 employees. This SBA loan request did not indicate that the company promised to use the loan proceeds to hire new employees or retain any existing employees.
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.
While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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.
SBA Approved Banks in Tulsa, Oklahoma
Oklahoma SBA Banks