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December 19, 2024  
 
 
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Where to Get a Bank Loan to Purchase a Franchise

 

 
Loan Census SBA Loan Info

Borrow Money to Buy a Wings To Go Franchise

Borrowing money to buy a Wings To Go franchise? Business Loan Center, LLC has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Wings To Go franchise is doable. In 2004, Business Loan Center, LLC issued an SBA franchise loan to an entrepreneur in Greenville, Texas. Because Wings To Go was registered with the SBA's registry of franchises, this Texas small business loan was issued on an expedited basis.

SBA Loan Borrower

WINGS TO GO GREENVILLE
GREENVILLE, TX 75402

SBA Loan Lender

BUSINESS LOAN CENTER, LLC
1633 BROADWAY, 39TH FL
NEW YORK, NY 10019

This lender provides SBA commercial loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

5/12/2004

Loan Approval Gross Amount

$269,500

Loan Approval from the SBA

Of the total $269,500 loan amount, the SBA guaranteed $202,125.

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 4 employees. The loan application indicated that the loan would help retain 4 existing jobs.

Getting an SBA Loan For Your Business

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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

The Friends and Family Network

SBA 7A Lenders in New York, New York

Getting a Business Loan in New York