Loan Census Banking News and Information
March 29, 2024  
 
 
  Business Loan Information  
 

Tulsa, Oklahoma Bank Loan

 

 
Loan Census SBA Loan Info

Compass Bank Provides SBA Loan to Buy Wingstop Restaurant Franchise

Need money to invest in a Wingstop Restaurant franchise? Compass Bank has a history of making these loans and they are guaranteed by the SBA.

If you live near Tulsa, Oklahoma and are interested in buying a Wingstop Restaurant franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2002 by Compass Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

WINGSTOP
TULSA, OK 74146

SBA Loan Lender

COMPASS BANK
15 S 20TH ST
BIRMINGHAM, AL 35233

This bank loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

3/29/2002

Loan Approval Gross Amount

$192,000

Loan Approval from the SBA

Of the total $192,000 loan amount, the SBA guaranteed $144,000.

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 6 employees. The SBA loan documents did not indicate that the small business promised to use the money to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans provide smart, affordable business financing for small businesses looking to expand.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $192,000 loan. Remember, where there is a will, there is a way!

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:

WingStop Restaurants Inc.

Advice on Getting a Small Business Loan

SBA Banks in Birmingham, Alabama

Alabama SBA 7A Lenders