Brownsburg, IN Entrepreneur Gets SBA Loan to Buy Wings Etc. Franchise

Need money to buy a Wings Etc. franchise? Banco Popular North America has a history of making these loans and they are guaranteed by the SBA.

Wings Etc. franchise loans are available to Brownsburg, Indiana entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Banco Popular North America, based in New York City, New York, issued an SBA franchise loan for a Wings Etc. franchise in 2006. We've got all the details on this Indiana small business loan.

SBA Loan Borrower

WINGS ETC
BROWNSBURG, IN 48112

SBA Loan Lender

BANCO POPULAR NORTH AMERICA
7 W 51ST ST, BETWEEN 5TH & 6T
NEW YORK CITY, NY 10019

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

9/27/2006

Loan Approval Gross Amount

$782,400

Loan Approval from the SBA

Of the total $782,400 loan amount, the SBA guaranteed $586,800.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Wings Etc. franchise. At the time of the loan, the company had only one employee. The SBA loan application for the borrower indicated that the loan would help generate 49 new jobs and retain 50 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from Banco Popular North America so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

Wings Etc.

Equity Financing

Best Banks for Small Business in New York City, New York

SBA Participating Banks in New York