Onb Bank And Trust Company Provides SBA Loan to Buy Foot Solutions Franchise
Need a loan to buy a Foot Solutions franchise? Onb Bank And Trust Company has a history of making these loans and they are guaranteed by the SBA.
If you live near Tulsa, Oklahoma and are interested in buying a Foot Solutions franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2006 by Onb Bank And Trust Company. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.
SBA Loan Borrower
FOOT SOLUTIONS
8222 E 103RD ST #132
TULSA, OK 74133
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 SBA bank loan was issued via the SBA 7a lending program.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
448210 - Shoe Stores
Loan Approval Date
8/9/2006
Loan Approval Gross Amount
$194,300
Loan Approval from the SBA
Of the total $194,300 loan amount, the SBA guaranteed $145,725.
More Information on This SBA Loan
The borrower, Foot Solutions, borrowed this money for an existing business. This loan was used to buy a Foot Solutions franchise. At the time of the loan, the company
had 5 employees. This SBA loan request indicated that the loan would help generate 5 new jobs and retain 10 existing jobs.
Next Steps for Getting an SBA Loan
SBA loans provide smart, affordable business financing for small businesses looking to expand.
The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. Foot Solutions needed a loan. Onb Bank And Trust Company probably wouldn't have granted the loan based on the merits of the company, but with the SBA stepping up and agreeing to guarantee part of the loan, Onb Bank And Trust Company made the loan. The end result was that Foot Solutions was given the opportunity to grow their business and enhance the lives of their employees and customers.
The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.
About This SBA Loan Information:
All SBA loan data displayed above comes from the government's SBA loan database.
Related Links:
Foot Solutions
Bank Credit Lines
SBA Participating Banks in Tulsa, Oklahoma
Getting a Business Loan in Oklahoma
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