Business Loans for Hobby, Toy, and Game Stores

Looking for business loans for hobby, toy, and game stores? Talk to a banker who works with the SBA. This $16,100 hobby, toy, and game stores loan was issued by an Oklahoma bank.

This small business knew how to go about getting a business bank loan. Based in Oklahoma City, Oklahoma, they applied for and were awarded an SBA-guaranteed loan in 2004. The lending bank was Midfirst Bank, based in Oklahoma City, Oklahoma.

SBA Loan Borrower

COMPANY TYPE: HOBBY, TOY, AND GAME STORES
OKLAHOMA CITY, OK 73162

SBA Loan Lender

MIDFIRST BANK
501 NW GRAND BLVD
OKLAHOMA CITY, OK 73118

This loan for a small business was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

451120 - Hobby, Toy, and Game Stores

Loan Approval Date

7/9/2004

Loan Approval Gross Amount

$16,100

Loan Approval from the SBA

Of the total $16,100 loan amount, the SBA guaranteed $8,050.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had only one employee. The SBA loan documents indicated that the loan would help generate 4 new jobs and retain 5 existing jobs.

Next Steps for Getting an SBA Loan

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

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:

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Small Bank Loans in Oklahoma City, Oklahoma

Oklahoma SBA 7A Lenders