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| Entrepreneur Resources | Bancfirst Oklahoma City Business Loans | ||||
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Oklahoma City, Oklahoma SBA Lenders
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Oklahoma City, Oklahoma Lender Lends Money to Which WichAn Oklahoma City, Oklahoma SBA loan can be yours. Learn how Which Wich got a $448,100 business loan from this Oklahoma bank.
This loan to Which Wich is a good example of an SBA loan. Bancfirst made the loan and the SBA guaranteed a portion of the loan. Many other Oklahoma entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take. SBA Loan Borrower WHICH WICH SBA Loan Lender BANCFIRST This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 3/21/2006 Loan Approval Gross Amount $448,100 Loan Approval from the SBA Of the total $448,100 loan amount, the SBA guaranteed $336,075. More Information on This SBA Loan The borrower, Which Wich, 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 3 employees. The loan application indicated that the funding would help generate 3 new jobs. Start the Process for Getting an SBA Loan Today! SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. 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: Determining Proper Capital Structure for a Business Who Lends Money to Small Businesses in Oklahoma City, Oklahoma Getting an SBA Loan in 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.
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