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| Entrepreneur Resources | Arvest Bank Fayetteville Business Loans | ||||
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Oklahoma Small Business Funding
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Full-Service Restaurants Small Business LoansWith these small business loans for full-service restaurants, the SBA guarantees the lender that the loan will be repaid. This full-service restaurants loan for $11,600 was given to an Oklahoma entrepreneur in 2004.
Nordaggio's Coffee Inc received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with Arvest Bank, out of Fayetteville, Arkansas. The loan was granted and they received $11,600 to help grow their Tulsa, Oklahoma business. SBA Loan Borrower NORDAGGIO'S COFFEE INC SBA Loan Lender ARVEST BANK This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. 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 722110 - Full-Service Restaurants Loan Approval Date 6/15/2004 Loan Approval Gross Amount $11,600 Loan Approval from the SBA Of the total $11,600 loan amount, the SBA guaranteed $5,800. More Information on This SBA Loan The borrower, Nordaggio's Coffee Inc, borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 15 employees. The loan application indicated that the loan would help retain 15 existing jobs. This loan was paid in full, and was closed out on 8/30/2005. Start the Process for Getting an SBA Loan Today! If you need money to start a business or need money to grow a business, an SBA loan can be a great source of funding. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as Nordaggio's Coffee Inc walked into Arvest Bank and applied for an SBA loan, you have to do the same thing. The sooner you start, the faster you'll get the money! About This SBA Loan Information: All SBA loan data displayed above comes from the government's SBA loan database. Related Links: Role of Business Plan When Raising Money Small Business Banks in Fayetteville, Arkansas 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.
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