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November 15, 2024 |
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| Home > Small Business Lenders by State > Tennessee Business Loan Sources > Montgomery, Business Loans > Regions Bank Montgomery Business Loans > Wing Zone Loan | ||||
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Raising Money in Nashville, Tennessee With SBA Loans
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Loan to Buy Wing Zone Franchise Issued By Regions BankNeed money to buy a Wing Zone franchise? Regions Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Nashville, Tennessee needed money to invest in a Wing Zone franchise back in 2004. Regions Bank issued an SBA franchise loan. Here are the details on this Tennessee small business loan. SBA Loan Borrower WING ZONE SBA Loan Lender REGIONS BANK 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 10/15/2004 Loan Approval Gross Amount $150,500 Loan Approval from the SBA Of the total $150,500 loan amount, the SBA guaranteed $112,875. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Wing Zone franchise. At the time of the loan, the company had only one employee. The SBA loan application for the borrower indicated that the loan would help generate 5 new jobs and retain 1 existing job. Getting an SBA Loan For Your Business Many small businesses receive loans backed by the U.S. Small Business Administration. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Regions 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:
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