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November 24, 2024  
 
 
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Pinole, California Bank Loan

 

 
Loan Census SBA Loan Info

Pinole, CA Entrepreneur Gets SBA Loan to Buy Wingstop Restaurant Franchise

Need a loan to purchase a Wingstop Restaurant franchise? Small Business Loan Source LLC has a history of making these loans and they are guaranteed by the SBA.

If you live near Pinole, California and are interested in buying a Wingstop Restaurant franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2006 by Small Business Loan Source LLC. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

WINGSTOP
PINOLE, CA 94564

SBA Loan Lender

SMALL BUSINESS LOAN SOURCE LLC
9801 WESTHEIMER RD #1100
HOUSTON, TX 77056

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

9/26/2006

Loan Approval Gross Amount

$633,000

Loan Approval from the SBA

Of the total $633,000 loan amount, the SBA guaranteed $474,750.

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 4 employees. The SBA loan documents indicated that the borrowed money would help create 16 new jobs.

Getting an SBA Loan For Your Business

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $633,000 loan. Remember, if it to be, it is up to me!

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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