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November 15, 2024 |
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| Home > Small Business Lenders by State > Illinois Business Loan Sources > Chicago, Business Loans > Lasalle Bank Chicago Business Loans > Wow Cafe & Wingery Loan | ||||
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Requirements for Financing a Franchise
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Lasalle Bank Provides SBA Loan to Buy Wow Cafe And Wingery FranchiseNeed a loan to buy a Wow Cafe And Wingery franchise? Lasalle Bank has a history of making these loans and they are guaranteed by the SBA. Want to borrow money to buy a Wow Cafe And Wingery franchise? If so, here's a 2005 SBA franchise loan that you should know about. Lasalle Bank was the lender and the entrepreneur was based in Joliet, Illinois. SBA Loan Borrower WOW CAFE & WINGERY SBA Loan Lender LASALLE BANK This small business loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours. 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 2/18/2005 Loan Approval Gross Amount $115,000 Loan Approval from the SBA Of the total $115,000 loan amount, the SBA guaranteed $57,500. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Wow Cafe And Wingery franchise. At the time of the loan, the company had only one employee. The SBA loan documents indicated that the loan would help generate 30 new jobs and retain 20 existing jobs. 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. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Lasalle 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. Related Links: WOW Cafe & Wingery Franchising, LLC Raising VC Money for Social Networking Companies Best Banks for Small Business in Chicago, Illinois
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