Friendswood, TX Entrepreneur Gets SBA Loan to Buy Wings To Go Franchise
Need a loan to invest in a Wings To Go franchise? Millennium State Bank Of Texas has a history of making these loans and they are guaranteed by the SBA.
Wings To Go franchise loans are available to Friendswood, Texas entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Millennium State Bank Of Texas, based in Dallas, Texas, issued an SBA franchise loan for a Wings To Go franchise in 2005. We've got all the details on this Texas small business loan.
SBA Loan Borrower
WINGS TO GO
FRIENDSWOOD, TX 77546
SBA Loan Lender
MILLENNIUM STATE BANK OF TEXAS
11950 WEBB CHAPEL RD
DALLAS, TX 75234
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
722110 - Full-Service Restaurants
Loan Approval Date
6/14/2005
Loan Approval Gross Amount
$268,000
Loan Approval from the SBA
Of the total $268,000 loan amount, the SBA guaranteed $201,000.
More Information on This SBA Loan
The borrower borrowed this money for a new business. This loan was used to buy a Wings To Go franchise. At the time of the loan, the company
had only one employee. The SBA loan documents indicated that the loan would help generate 10 new jobs and retain 5 existing jobs.
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've showcased information on this loan to let you know that businesses like yours can get an SBA loan.
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:
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