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| Entrepreneur Resources | Bank Of America Charlotte Business Loans | ||||
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How to Get SBA Loans in Tulsa, Oklahoma
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Oklahoma Entrepreneur Secures Financing to Buy Waffle House FranchiseBorrowing money to buy a Waffle House franchise? Bank Of America has a history of making these loans and they are guaranteed by the SBA.
Waffle House franchise loans are available to Tulsa, Oklahoma entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Bank Of America, based in Charlotte, North Carolina, issued an SBA franchise loan for a Waffle House franchise in 2003. We've got all the details on this Oklahoma small business loan. SBA Loan Borrower ZLK & ASSOCIATES INC SBA Loan Lender BANK OF AMERICA The lender provided this business loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing. 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 722211 - Limited-Service Restaurants Loan Approval Date 7/10/2003 Loan Approval Gross Amount $40,000 Loan Approval from the SBA Of the total $40,000 loan amount, the SBA guaranteed $20,000. More Information on This SBA Loan The borrower, Zlk & Associates Inc, borrowed this money for an existing business. This loan was used to buy a Waffle House franchise. At the time of the loan, the company had 60 employees. The loan application indicated that the loan would help generate 1 new job and retain 61 existing jobs. This loan was paid in full, and was closed out on 4/1/2005. Next Steps for Getting an SBA Loan For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing. 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 Zlk & Associates Inc walked into Bank Of America 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: Small Bank Loans in Charlotte, North Carolina 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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