Borrow Money to Buy a Wings Etc. Franchise

Need a loan to buy a Wings Etc. franchise? 1st Source Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Wings Etc. franchise requires some effort but others before you have been successful. In 2008, 1st Source Bank issued an SBA franchise loan to an entrepreneur in Granger, Indiana. Because Wings Etc. was registered with the SBA's registry of franchises, this Indiana small business loan was issued on an expedited basis.

SBA Loan Borrower

WINGS
GRANGER, IN 46530

SBA Loan Lender

1ST SOURCE BANK
100 N MICHIGAN ST
SOUTH BEND, IN 46601

This lender processed this business loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

1/17/2008

Loan Approval Gross Amount

$190,400

Loan Approval from the SBA

Of the total $190,400 loan amount, the SBA guaranteed $95,200.

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 documents indicated that the loan would help generate 40 new jobs and retain 40 existing jobs.

Getting an SBA Loan For Your Business

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

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like 1st Source Bank and they will explain how you can get an SBA loan for your company.

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.

Microlending as a Small Business Funding Source

Where to Get an SBA Loan in South Bend, Indiana

SBA Participating Banks in Indiana