Texas Entrepreneur Secures Financing to Buy Wings-N-Things Franchise

Borrowing money to buy a Wings-N-Things franchise? United Central Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Wings-N-Things franchise requires some effort but others before you have been successful. In 2005, United Central Bank issued an SBA franchise loan to an entrepreneur in Schertz, 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
SCHERTZ, TX 78154

SBA Loan Lender

UNITED CENTRAL BANK
4555 W WALNUT ST
GARLAND, TX 75042

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

7/21/2005

Loan Approval Gross Amount

$146,600

Loan Approval from the SBA

Of the total $146,600 loan amount, the SBA guaranteed $124,610.

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. The loan application indicated that the loan would help generate 8 new jobs and retain 9 existing jobs.

Getting an SBA Loan For Your Business

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.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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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