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May 3, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Houston, Business Loans > Small Business Loan Source LLC Houston Business Loans > Wingstop Loan | ||||
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SBA Franchise Financing Lender Santa Clarita California
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California Entrepreneur Secures Financing to Buy Wingstop Restaurant FranchiseNeed a loan to invest in a Wingstop Restaurant franchise? Small Business Loan Source LLC has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a Wingstop Restaurant franchise requires some effort but others before you have been successful. In 2006, Small Business Loan Source LLC issued an SBA franchise loan to an entrepreneur in Santa Clarita, California. Because Wingstop Restaurant was registered with the SBA's registry of franchises, this California small business loan was issued on an expedited basis. SBA Loan Borrower WINGSTOP SBA Loan Lender SMALL BUSINESS LOAN SOURCE LLC This lender provides SBA guaranteed business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 4/3/2006 Loan Approval Gross Amount $299,000 Loan Approval from the SBA Of the total $299,000 loan amount, the SBA guaranteed $224,250. 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 only one employee. The SBA loan documents indicated that the loan would help generate 9 new jobs and retain 1 existing job. Start the Process for Getting an SBA Loan Today! The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses. There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower. Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today! 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: Who Lends Money to Small Businesses in Houston, Texas
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