Loan to Buy Wings To Go Franchise Issued By National Penn Bank

Borrowing money to invest in a Wings To Go franchise? National Penn Bank has a history of making these loans and they are guaranteed by the SBA.

If you live near Oxford, Pennsylvania and are interested in buying a Wings To Go franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2004 by National Penn Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

THOMAS C PAXSON INC.
OXFORD, PA 19363

SBA Loan Lender

NATIONAL PENN BANK
24 S THIRD ST
OXFORD, PA 19363

This was a Low Documentation SBA loan. The SBA launched this program to limit the paperwork associated with borrowing money. The low-doc program is quick, requiring completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

5/13/2004

Loan Approval Gross Amount

$126,000

Loan Approval from the SBA

Of the total $126,000 loan amount, the SBA guaranteed $107,100.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Wings To Go franchise. At the time of the loan, the company had 8 employees. The SBA loan documents did not indicate that the company planned to use the money to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans provide smart, affordable business financing for small businesses looking to expand.

While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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:

Wings To Go

Banking Deregulation's Effects on Entrepreneurship

Small Bank Loans in Oxford, Pennsylvania

Getting an SBA Loan in Pennsylvania