Loan to Buy Bw-3 buffalo Wings And Weck Franchise Issued By Old National Bank

Borrowing money to invest in a Bw-3 buffalo Wings And Weck franchise? Old National Bank has a history of making these loans and they are guaranteed by the SBA.

Bw-3 buffalo Wings And Weck franchise loans are available to Anderson, Indiana entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Old National Bank, based in Indianapolis, Indiana, issued an SBA franchise loan for a Bw-3 buffalo Wings And Weck franchise in 2002. We've got all the details on this Indiana small business loan.

SBA Loan Borrower

BW3
ANDERSON, IN 46013

SBA Loan Lender

OLD NATIONAL BANK
101 W OHIO ST, STE 101
INDIANAPOLIS, IN 46204

This lender issued this commercial loan under the SBA's 7A loan, in which the SBA provides guaranteed loans to small business owners. This lending program began in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

9/30/2002

Loan Approval Gross Amount

$700,000

Loan Approval from the SBA

Of the total $700,000 loan amount, the SBA guaranteed $525,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Bw-3 buffalo Wings And Weck franchise. At the time of the loan, the company had 2 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the loan proceeds to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

We can help you find the best banks for small businesses in Anderson or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

About This SBA Loan Information:

All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ.

Related Links:

Business Incubators

Banks in Indianapolis, Indiana

Indiana SBA 7A Lenders