Washington Mutual Bank Provides SBA Loan to Buy Wing Zone Franchise

Borrowing money to buy a Wing Zone franchise? Washington Mutual Bank has a history of making these loans and they are guaranteed by the SBA.

Wing Zone franchise loans are available to Charlotte, North Carolina entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Washington Mutual Bank, based in Henderson, Nevada, issued an SBA franchise loan for a Wing Zone franchise in 2002. We've got all the details on this North Carolina small business loan.

SBA Loan Borrower

WING ZONE & SUITES
CHARLOTTE, NC 28205

SBA Loan Lender

WASHINGTON MUTUAL BANK
2273 N GREEN VALLEY PKWY, STE
HENDERSON, NV 89014

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

8/8/2002

Loan Approval Gross Amount

$143,500

Loan Approval from the SBA

Of the total $143,500 loan amount, the SBA guaranteed $121,975.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Wing Zone franchise. At the time of the loan, the company had only one employee. The loan application indicated that the loan would help generate 16 new jobs and retain 17 existing jobs.

Getting an SBA Loan For Your Business

Every year, the SBA guarantees over $10 billion for loans just like this one.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Washington Mutual Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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:

Wing Zone

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Find an SBA Lender in Henderson, Nevada

Where to Get an SBA Loan Nevada