Loans for Limited-Service Restaurants
Looking for loans for limited-service restaurants? The SBA may be the answer. This $70,000 limited-service restaurants loan was issued by an Oklahoma bank.
Getting a small business loan in Tulsa, Oklahoma was important for The Coffee House On Cherry Str back in 2006 and, based on their loan application, they were successful in getting an SBA loan from Arkansas Valley State Bank, operating out of Broken Arrow, Oklahoma. Here are the details on this Oklahoma small business loan.
SBA Loan Borrower
THE COFFEE HOUSE ON CHERRY STR
1325 E 15TH STREET, STE 101
TULSA, OK 74120
SBA Loan Lender
ARKANSAS VALLEY STATE BANK
302 S MAIN
BROKEN ARROW, OK 74012
The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide small business loans to American small businesses.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
722211 - Limited-Service Restaurants
Loan Approval Date
7/11/2006
Loan Approval Gross Amount
$70,000
Loan Approval from the SBA
Of the total $70,000 loan amount, the SBA guaranteed $59,500.
More Information on This SBA Loan
The borrower, The Coffee House On Cherry Str, borrowed this money for a new business. The SBA's record indicate that the loan was not for investment in a franchise. At the time of the loan, the company
had 8 employees. The SBA loan documents did not indicate that the business promised to use the funding to add employees or retain any existing employees.
Great, But How Can I Get an SBA Loan for My Business?
SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.
Your solution for where to find money to start a business may be an SBA guaranteed loan. The Coffee House On Cherry Str recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.
About This SBA Loan Information:
All SBA loan data displayed above comes from the government's SBA loan database.
Related Links:
Microlending as a Small Business Funding Source
SBA 7A Lenders in Broken Arrow, Oklahoma
SBA Participating Banks in Oklahoma
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