Laredo, TX Entrepreneur Gets SBA Loan to Buy Wings-N-Things Franchise

Need a loan to invest in a Wings-N-Things franchise? International Bank Of Commerce has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Wings-N-Things franchise shouldn't be overly burdensome. In 2006, International Bank Of Commerce issued an SBA franchise loan to an entrepreneur in Laredo, Texas. Because Wings-N-Things was registered with the SBA's registry of franchises, this Texas small business loan was issued on an expedited basis.

SBA Loan Borrower

WINGS N THINGS
LAREDO, TX 78045

SBA Loan Lender

INTERNATIONAL BANK OF COMMERCE
1200 SAN BERNARDO ST
LAREDO, TX 78040

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This loan was issued via the SBA 7a lending program.

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

9/6/2006

Loan Approval Gross Amount

$212,886

Loan Approval from the SBA

Of the total $212,886 loan amount, the SBA guaranteed $159,665.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Wings-N-Things franchise. At the time of the loan, the company had only one employee. This SBA loan request did not indicate that the business planned to use the funding to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

If you are raising money in Laredo TX, you ought to talk with a local Laredo SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Laredo businesses.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like International Bank Of Commerce 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:

Wings-N-Things Restaurant

Raising Venture Capital

SBA 7A Banks for Laredo, Texas Loans

Getting an SBA Loan in Texas