Oklahoma Entrepreneur Secures Financing to Buy Wings To Go Franchise

Need a loan to buy a Wings To Go franchise? Central National Bank & Trust - Enid has a history of making these loans and they are guaranteed by the SBA.

Wings To Go franchise loans are available to Enid, Oklahoma entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Central National Bank & Trust - Enid, based in Enid, Oklahoma, issued an SBA franchise loan for a Wings To Go franchise in 2007. We've got all the details on this Oklahoma small business loan.

SBA Loan Borrower

WINGS TO GO ENID
ENID, OK 73703

SBA Loan Lender

CENTRAL NATIONAL BANK & TRUST - ENID
324 W BROADWAY
ENID, OK 73701

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

8/23/2007

Loan Approval Gross Amount

$200,000

Loan Approval from the SBA

Of the total $200,000 loan amount, the SBA guaranteed $150,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Wings To Go franchise. At the time of the loan, the company had 10 employees. The SBA loan application for the borrower indicated that the funding would help create 10 new jobs.

Next Steps for Getting an SBA Loan

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

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 Central National Bank & Trust - Enid 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.

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