 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
|
|
|
|
||
| Entrepreneur Resources | Bank - Oklahoma Oklahoma City Business Loans | ||||
 |
||||
SBA 7A Banks for Tulsa Small Businesses
|
||||
 |
Borrow Money to Buy a Mad Science Group FranchiseNeed a loan to buy a Mad Science Group franchise? Bank - Oklahoma 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 Mad Science Group franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2003 by Bank - Oklahoma. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase. SBA Loan Borrower MAD SCIENCE OF TULSA SBA Loan Lender BANK - OKLAHOMA This lender issued this particular SBA business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 611610 - Fine Arts Schools Loan Approval Date 2/11/2003 Loan Approval Gross Amount $65,000 Loan Approval from the SBA Of the total $65,000 loan amount, the SBA guaranteed $55,250. More Information on This SBA Loan The borrower, Mad Science Of Tulsa, borrowed this money for a new business. This loan was used to buy a Mad Science Group franchise. At the time of the loan, the company had 2 employees. This SBA loan request did not indicate that the SBA funding recipient planned to use the loan proceeds to increase staffing levels or retain any existing employees. This loan was paid in full, and was closed out on 1/2/2008. Getting an SBA Loan For Your Business SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower. Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today! About This SBA Loan Information: All SBA loan data displayed above comes from the government's SBA loan database. Related Links: Obtaining Funding - How to Decide How Much to Raise Who Lends Money to Small Businesses in Oklahoma City, Oklahoma If you are an ambitious entrepreneur or an aspiring executive looking to get involved with a startup, please take the time to learn more about Gaebler Ventures.
|
|
||
|
||||
|
|
||||
