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April 27, 2024 |
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| Home > Small Business Lenders by State > Oklahoma Business Loan Sources > Creve Coeur, Business Loans > First Bank Creve Coeur Business Loans > Sport Clips Loan | ||||
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How Can I Buy a Franchise in Norman, Oklahoma?
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Borrow Money to Buy a Sports Clips FranchiseNeed a loan to purchase a Sports Clips franchise? First Bank has a history of making these loans and they are guaranteed by the SBA. If you live near Norman, Oklahoma and are interested in buying a Sports Clips franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2006 by First Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase. SBA Loan Borrower SPORT CLIPS SBA Loan Lender FIRST BANK This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 812111 - Barber Shops Loan Approval Date 11/1/2006 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $127,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Sports Clips franchise. At the time of the loan, the company had 46 employees. The SBA loan documents indicated that the funding would help generate 10 new jobs. Great, But How Can I Get an SBA Loan for My Business? SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like First Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP). 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: Dealing With Venture Capitalists Small Business Banks in Creve Coeur, Missouri
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