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May 3, 2024 |
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| Home > Small Business Lenders by State > Oklahoma Business Loan Sources > Oklahoma City, Business Loans > Bancfirst Oklahoma City Business Loans > D&j Richie, Inc. Loan | ||||
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Where to Get an SBA 7A Loan to Purchase a Franchise
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Bancfirst Provides SBA Loan to Buy Grandy's FranchiseNeed a loan to purchase a Grandy's franchise? Bancfirst has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a Grandy's franchise is doable. In 2004, Bancfirst issued an SBA franchise loan to an entrepreneur in Moore, Oklahoma. Because Grandy's was registered with the SBA's registry of franchises, this Oklahoma small business loan was issued on an expedited basis. SBA Loan Borrower D&J RICHIE, INC. SBA Loan Lender BANCFIRST When it made this small business loan, this lending institution participated in the SBA's Certified Lenders Program (CLP). This program is designed to give speedy service on loan applications received from lenders who have a successful SBA lending track record and a thorough understanding of SBA policies and procedures. CLP lenders perform a complete analysis of the application and, in return, SBA promises a fast loan decision. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722110 - Full-Service Restaurants Loan Approval Date 7/22/2004 Loan Approval Gross Amount $343,400 Loan Approval from the SBA Of the total $343,400 loan amount, the SBA guaranteed $257,550. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Grandy's franchise. At the time of the loan, the company had 75 employees. The SBA loan documents did not indicate that the business 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? SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. While you may be able to find other ways to get money to start a business, 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: Who Lends Money to Small Businesses in Oklahoma City, Oklahoma Browse All Business Loan Sources for Oklahoma
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