Loan to Buy Wing Zone Franchise Issued By Wescom Central Cu

Borrowing money to buy a Wing Zone franchise? Wescom Central Cu has a history of making these loans and they are guaranteed by the SBA.

If you live near Houston, Texas and are interested in buying a Wing Zone franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2005 by Wescom Central Cu. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

FXS,INC. D/B/A WING ZONE
HOUSTON, TX 77090

SBA Loan Lender

WESCOM CENTRAL CU
1501 5TH AVE, STE 100
SAN DIEGO, CA 92101

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This commercial loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

3/1/2005

Loan Approval Gross Amount

$175,000

Loan Approval from the SBA

Of the total $175,000 loan amount, the SBA guaranteed $131,250.

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 9 employees. The loan application did not indicate that the business planned to use the money to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

If you need money to start a business or need money for an existing business, an SBA loan can be a great funding source

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Wescom Central Cu had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Wescom Central Cu made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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

Getting a Small Business Loan

SBA 7A Lenders in San Diego, California

Getting an SBA Loan in California