Edmond, OK Entrepreneur Gets SBA Loan to Buy Great American Cookie Company Franchise

Need money to purchase a Great American Cookie Company franchise? Bank - Oklahoma has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Edmond, Oklahoma needed money to invest in a Great American Cookie Company franchise back in 2003. Bank - Oklahoma issued an SBA franchise loan. Here are the details on this Oklahoma small business loan.

SBA Loan Borrower

GREAT AMERICAN COOKIES
2729 NW 162ND STREET
EDMOND, OK 73013

SBA Loan Lender

BANK - OKLAHOMA
ONE WILLIAMS CTR
TULSA, OK 74172

This SBA loan was underwritten by an SBA Certified Lenders Program (CLP) lender. CLP lenders perform a thorough analysis of the loan application and, in return, SBA promises a fast loan decision.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5461 - Retail Bakeries

NAICS Code

445291 - Baked Goods Stores

Loan Approval Date

7/1/2003

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, Great American Cookies, borrowed this money for a new business. This loan was used to buy a Great American Cookie Company franchise. At the time of the loan, the company had 9 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient planned to use the funding to increase staffing levels or retain any existing employees. This loan was paid in full, and was closed out on 12/30/2005.

Getting an SBA Loan For Your Business

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

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 to Great American Cookies 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 SBA loan database.

Related Links:

Great American Cookie Inc.

How to Raise Money

Where to Get an SBA Loan in Tulsa, Oklahoma

Oklahoma SBA 7A Lenders

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