Drinking Places Commercial Loans
Looking for commercial loans for drinking places? An SBA loan may be just what you've been looking for. This $200,000 drinking places loan was issued by an Oklahoma bank.
Getting a small business loan in Oklahoma City, Oklahoma was important for Drinkz back in 2004 and, based on their loan application, they were successful in getting an SBA loan from Onb Bank And Trust Company, operating out of Tulsa, Oklahoma. Here are the details on this Oklahoma small business loan.
SBA Loan Borrower
DRINKZ
115 EAST RENO AVE
OKLAHOMA CITY, OK 73104
SBA Loan Lender
ONB BANK AND TRUST COMPANY
8908 S YALE AVE, STE 100
TULSA, OK 74137
SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This small business loan was issued via the SBA 7a lending program.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
5813 - Drinking Places (Alcoholic Beverages)
NAICS Code
722410 - Drinking Places (Alcoholic Beverages)
Loan Approval Date
2/12/2004
Loan Approval Gross Amount
$200,000
Loan Approval from the SBA
Of the total $200,000 loan amount, the SBA guaranteed $150,000.
More Information on This SBA Loan
The borrower, Drinkz, borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company
had 8 employees. The loan application did not indicate that the small business planned to use the money to add employees or retain any existing employees.
Next Steps for Getting an SBA Loan
SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.
Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like Drinkz did when it applied for and received this $200,000 loan. Remember, if it to be, it is up to me!
About This SBA Loan Information:
All SBA loan data displayed above comes from the government's SBA loan database.
Related Links:
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