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November 15, 2024 |
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| Home > Small Business Lenders by State > Florida Business Loan Sources > Tampa, Business Loans > The Bank Of Tampa Tampa Business Loans > Wingstop (willmack Foods I, Ll Loan | ||||
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Advice for Borrowing Money to Buy a Franchise
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Borrow Money to Buy a Wingstop Restaurant FranchiseNeed a loan to buy a Wingstop Restaurant franchise? The Bank Of Tampa has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Tampa, Florida needed money to invest in a Wingstop Restaurant franchise back in 2005. The Bank Of Tampa issued an SBA franchise loan. Here are the details on this Florida small business loan. SBA Loan Borrower WINGSTOP (WILLMACK FOODS I, LL SBA Loan Lender THE BANK OF TAMPA This lender issued this particular loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 7/13/2005 Loan Approval Gross Amount $125,000 Loan Approval from the SBA Of the total $125,000 loan amount, the SBA guaranteed $106,250. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Wingstop Restaurant franchise. At the time of the loan, the company had 10 employees. The SBA loan documents did not indicate that the company planned to use the funding to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into The Bank Of Tampa and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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: How Much Venture Capital Is There? Who Lends Money to Small Businesses in Tampa, Florida
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