Slidell, LA Entrepreneur Gets SBA Loan to Buy Wings-N-Things Franchise

Need money to buy a Wings-N-Things franchise? Sterling Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Wings-N-Things franchise requires some effort but others before you have been successful. In 2006, Sterling Bank issued an SBA franchise loan to an entrepreneur in Slidell, Louisiana. Because Wings-N-Things was registered with the SBA's registry of franchises, this Louisiana small business loan was issued on an expedited basis.

SBA Loan Borrower

WINGS-PIZZA-N-THINGS
SLIDELL, LA 70458

SBA Loan Lender

STERLING BANK
2550 N LOOP WEST
HOUSTON, TX 77092

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

10/23/2006

Loan Approval Gross Amount

$401,300

Loan Approval from the SBA

Of the total $401,300 loan amount, the SBA guaranteed $300,975.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Wings-N-Things 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 30 new jobs.

Next Steps for Getting an SBA Loan

Every year, the SBA guarantees over $10 billion for loans just like this one.

This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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

Alternative Financing

Small Bank Loans in Houston, Texas

SBA Participating Banks in Texas