Texas Entrepreneur Secures Financing to Buy Wingstop Restaurant Franchise

Borrowing money to buy a Wingstop Restaurant franchise? The Frost National Bank has a history of making these loans and they are guaranteed by the SBA.

Wingstop Restaurant franchise loans are available to Tyler, Texas entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, The Frost National Bank, based in Arlington, Texas, issued an SBA franchise loan for a Wingstop Restaurant franchise in 2000. We've got all the details on this Texas small business loan.

SBA Loan Borrower

WINGSTOP
TYLER, TX 75701

SBA Loan Lender

THE FROST NATIONAL BANK
5901 S COOPER ST
ARLINGTON, TX 76017

When this loan was made, this bank participated in the SBA's Certified Lenders Program (CLP). This program aims to give expeditious service on loan applications received from lenders who have a successful SBA lending track record and a thorough understanding of SBA policies and procedures. CLP lenders perform a complete analysis of the application and, in return, SBA promises a fast loan decision.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

12/15/2000

Loan Approval Gross Amount

$160,000

Loan Approval from the SBA

Of the total $160,000 loan amount, the SBA guaranteed $120,000.

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. This SBA loan request did not indicate that the SBA funding recipient planned to use the funding to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

If you are wondering how to find money to start a business or need money for an existing business, an SBA loan can be a great source of funding.

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 $160,000 loan. Remember, anyone can do it... so why not 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.

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