Loan to Buy Waffle House Franchise Issued By Woodforest National Bank

Need money to invest in a Waffle House franchise? Woodforest National Bank has a history of making these loans and they are guaranteed by the SBA.

Waffle House franchise loans are available to Huntington, West Virginia entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Woodforest National Bank, based in Houston, Texas, issued an SBA franchise loan for a Waffle House franchise in 2006. We've got all the details on this West Virginia small business loan.

SBA Loan Borrower

WAFFLE HOUSE
HUNTINGTON, WV 25701

SBA Loan Lender

WOODFOREST NATIONAL BANK
13301 EAST FRWY
HOUSTON, TX 77015

This loan for a small business was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

5/8/2006

Loan Approval Gross Amount

$118,500

Loan Approval from the SBA

Of the total $118,500 loan amount, the SBA guaranteed $100,725.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Waffle House franchise. At the time of the loan, the company had 30 employees. The loan application indicated that the loan would help generate 30 new jobs and retain 30 existing jobs.

Next Steps for Getting an SBA Loan

SBA loans provide money to small business owners for working capital for other expenses.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Woodforest National Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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.

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