Borrow Money to Buy a Wings-N-Things Franchise

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

An entrepreneur in Plano, Texas needed money to invest in a Wings-N-Things franchise back in 2006. Small Business Loan Source LLC issued an SBA franchise loan. Here are the details on this Texas small business loan.

SBA Loan Borrower

WINGS-PIZZA-N-THINGS
PLANO, TX 75074

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

722110 - Full-Service Restaurants

Loan Approval Date

4/17/2006

Loan Approval Gross Amount

$218,000

Loan Approval from the SBA

Of the total $218,000 loan amount, the SBA guaranteed $163,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Wings-N-Things franchise. At the time of the loan, the company had 2 employees. The loan application indicated that the loan would help generate 10 new jobs.

Next Steps for Getting an SBA Loan

If you are wondering how to raise money for a business in Plano TX, you ought to talk with a local Plano SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Plano businesses.

This SBA loan was for $218,000. How would you spend $218,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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-N-Things Restaurant

504 Loans

Small Business Banks in Houston, Texas

Getting a Business Loan in Texas