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April 26, 2024 |
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| Home > Small Business Lenders by State > Oklahoma Business Loan Sources > Tulsa, Business Loans > Midfirst Bank Tulsa Business Loans > Curves For Women Loan | ||||
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How Can I Buy a Franchise in Tulsa, Oklahoma?
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Midfirst Bank Provides SBA Loan to Buy Curves For Women FranchiseBorrowing 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 SBA Loan Lender MIDFIRST BANK 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. SIC Code 7991 - Physical Fitness Facilities NAICS Code 713940 - Fitness and Recreational Sports Centers Loan Approval Date 7/26/2000 Loan Approval Gross Amount $47,500 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. Related Links: SBA Approved Banks in Tulsa, Oklahoma
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