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May 3, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Dallas, Business Loans > Millennium State Bank Of Texas Dallas Business Loans > Wing Stop Loan | ||||
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How to Get SBA Loans in Arlington, Texas
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Loan to Buy Wingstop Restaurant Franchise Issued By Millennium State Bank Of TexasNeed money to buy a Wingstop Restaurant franchise? Millennium State Bank Of Texas has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Arlington, Texas needed money to invest in a Wingstop Restaurant franchise back in 2005. Millennium State Bank Of Texas issued an SBA franchise loan. Here are the details on this Texas small business loan. SBA Loan Borrower WING STOP SBA Loan Lender MILLENNIUM STATE BANK OF TEXAS 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 722211 - Limited-Service Restaurants Loan Approval Date 5/13/2005 Loan Approval Gross Amount $852,000 Loan Approval from the SBA Of the total $852,000 loan amount, the SBA guaranteed $639,000. 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 only one employee. The loan application indicated that the loan would help generate 12 new jobs and retain 12 existing jobs. Getting an SBA Loan For Your Business If you are interested in getting money to start a business or need money to grow a business, an SBA loan can be a great funding source Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Millennium State Bank Of Texas that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP). 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 Bank Loans in Dallas, Texas
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