Loan to Buy Wingstop Restaurant Franchise Issued By Comerica Bank

Borrowing money to buy a Wingstop Restaurant franchise? Comerica Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Wingstop Restaurant franchise requires some effort but others before you have been successful. In 2003, Comerica Bank issued an SBA franchise loan to an entrepreneur in Kenosha, Wisconsin. Because Wingstop Restaurant was registered with the SBA's registry of franchises, this Wisconsin small business loan was issued on an expedited basis.

SBA Loan Borrower

WINGSTOP
KENOSHA, WI 53142

SBA Loan Lender

COMERICA BANK
1717 MAIN
DALLAS, TX 75201

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

11/26/2003

Loan Approval Gross Amount

$250,800

Loan Approval from the SBA

Of the total $250,800 loan amount, the SBA guaranteed $188,100.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Wingstop Restaurant franchise. At the time of the loan, the company had only one employee. The loan application indicated that the borrowed money would help create 6 new jobs.

Next Steps for Getting an SBA Loan

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Comerica 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:

WingStop Restaurants Inc.

Raising VC Money for Social Networking Companies

SBA Banks in Dallas, Texas

Texas SBA Banks