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April 27, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Houston, Business Loans > Jpmorgan Chase Bank Houston Business Loans > Windent Holdings LLC Loan | ||||
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Advice for Borrowing Money to Buy a Franchise
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Texas Entrepreneur Secures Financing to Buy Wings-N-Things FranchiseNeed a loan to invest in a Wings-N-Things franchise? Jpmorgan Chase Bank has a history of making these loans and they are guaranteed by the SBA. If you live near Temple, Texas and are interested in buying a Wings-N-Things franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2006 by Jpmorgan Chase Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase. SBA Loan Borrower WINDENT HOLDINGS LLC SBA Loan Lender JPMORGAN CHASE BANK The lender provided this loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 7/19/2006 Loan Approval Gross Amount $59,400 Loan Approval from the SBA Of the total $59,400 loan amount, the SBA guaranteed $29,700. 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 2 employees. The SBA loan application for the borrower indicated that the loan would help generate 15 new jobs and retain 2 existing 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. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Jpmorgan Chase Bank 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: Where to Get an SBA Loan in Houston, Texas
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