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May 12, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Beaumont, Business Loans > Midsouth Bank-Texas Beaumont Business Loans > Wingstop Loan | ||||
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Where to Get a Business Loan to Purchase a Franchise
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Midsouth Bank-Texas Provides SBA Loan to Buy Wingstop Restaurant FranchiseBorrowing money to purchase a Wingstop Restaurant franchise? Midsouth Bank-Texas has a history of making these loans and they are guaranteed by the SBA. If you live near Montgomery, Texas and are interested in buying a Wingstop Restaurant franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2004 by Midsouth Bank-Texas. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase. SBA Loan Borrower WINGSTOP SBA Loan Lender MIDSOUTH BANK-TEXAS This business 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 6/7/2004 Loan Approval Gross Amount $225,000 Loan Approval from the SBA Of the total $225,000 loan amount, the SBA guaranteed $168,750. 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 12 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the money to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Midsouth Bank-Texas 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: Find an SBA Lender in Beaumont, Texas
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