Borrow Money to Buy a Wings To Go Franchise

Borrowing money to buy a Wings To Go franchise? Riverbend Bank has a history of making these loans and they are guaranteed by the SBA.

If you live near Grand Prairi, Texas and are interested in buying a Wings To Go franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2002 by Riverbend Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

R C ENTERPISE
GRAND PRAIRI, TX 75052

SBA Loan Lender

RIVERBEND BANK
2000 HANDLEY EDERVILLE RD
FORT WORTH, TX 76118

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

12/10/2002

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

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 7 employees. The SBA loan documents did not indicate that the business planned to use the money to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

We can help you find the best banks for small businesses in Grand Prairi 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:

Wings To Go

How Equity Dilution Works

Who Lends Money to Small Businesses in Fort Worth, Texas

Where to Get an SBA Loan Texas