Norman, OK Entrepreneur Gets SBA Loan to Buy Play It Again Sports retail Sports Franchise

Borrowing money to buy a Play It Again Sports retail Sports franchise? Bancfirst has a history of making these loans and they are guaranteed by the SBA.

Play It Again Sports retail Sports franchise loans are available to Norman, Oklahoma entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Bancfirst, based in Oklahoma City, Oklahoma, issued an SBA franchise loan for a Play It Again Sports retail Sports franchise in 2004. We've got all the details on this Oklahoma small business loan.

SBA Loan Borrower

PLAY IT AGAIN SPORTS
NORMAN, OK 73072

SBA Loan Lender

BANCFIRST
101 N BROADWAY, STE 1050
OKLAHOMA CITY, OK 73102

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

451110 - Sporting Goods Stores

Loan Approval Date

1/6/2004

Loan Approval Gross Amount

$149,400

Loan Approval from the SBA

Of the total $149,400 loan amount, the SBA guaranteed $126,990.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Play It Again Sports retail Sports franchise. At the time of the loan, the company had 5 employees. The SBA loan application for the borrower indicated that the loan would help retain 5 existing jobs.

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.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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:

Play It Again Sports

Obtaining Funding - How to Decide How Much to Raise

Banks in Oklahoma City, Oklahoma

Oklahoma SBA Banks