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April 26, 2024 |
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| Home > Small Business Lenders by State > Louisiana Business Loan Sources > Alexandria, Business Loans > Red River Bank Alexandria Business Loans > Wings To Go Loan | ||||
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Where to Get an SBA 7A Loan to Purchase a Franchise
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Alexandria, LA Entrepreneur Gets SBA Loan to Buy Wings To Go FranchiseBorrowing money to invest in a Wings To Go franchise? Red River Bank has a history of making these loans and they are guaranteed by the SBA. Wings To Go franchise loans are available to Alexandria, Louisiana entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Red River Bank, based in Alexandria, Louisiana, issued an SBA franchise loan for a Wings To Go franchise in 2004. We've got all the details on this Louisiana small business loan. SBA Loan Borrower WINGS TO GO SBA Loan Lender RED RIVER BANK This lender issued this particular SBA business 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 7/22/2004 Loan Approval Gross Amount $80,200 Loan Approval from the SBA Of the total $80,200 loan amount, the SBA guaranteed $68,170. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Wings To Go franchise. At the time of the loan, the company had 10 employees. The loan application did not indicate that the small business promised to use the loan proceeds to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? Every year, the SBA guarantees over $10 billion for loans just like this one. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Red River Bank and they will explain how you can get an SBA loan for your company. 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: Small Business Banks in Alexandria, Louisiana
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