Texas Entrepreneur Secures Financing to Buy Williams Licensing Co. Inc. Franchise

Need a loan to invest in a Williams Licensing Co. Inc. franchise? Wells Fargo Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in North Richland Hills, Texas needed money to invest in a Williams Licensing Co. Inc. franchise back in 2005. Wells Fargo Bank issued an SBA franchise loan. Here are the details on this Texas small business loan.

SBA Loan Borrower

WILLIAMS CHICKEN
NORTH RICHLAND HILLS, TX 76180

SBA Loan Lender

WELLS FARGO BANK
121 PARK CENTER PLZ
SAN JOSE, CA 95113

This lender provides SBA small business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

8/18/2005

Loan Approval Gross Amount

$331,000

Loan Approval from the SBA

Of the total $331,000 loan amount, the SBA guaranteed $248,250.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Williams Licensing Co. Inc. franchise. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower indicated that the loan would help generate 7 new jobs and retain 9 existing jobs.

Next Steps for Getting an SBA Loan

If you need money to start business in North Richland Hills TX, you ought to talk with a local North Richland Hills SBA lender or talk with an out-of-area SBA lender that has previously loaned money to North Richland Hills businesses.

There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower.

Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today!

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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