Gulf Coast Bank & Trust Provides SBA Loan to Buy Wow Cafe And Wingery Franchise
Borrowing money to purchase a Wow Cafe And Wingery franchise? Gulf Coast Bank & Trust has a history of making these loans and they are guaranteed by the SBA.
Wow Cafe And Wingery franchise loans are available to River Ridge (census Name For L, Louisiana entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Gulf Coast Bank & Trust, based in New Orleans, Louisiana, issued an SBA franchise loan for a Wow Cafe And Wingery franchise in 2007. We've got all the details on this Louisiana small business loan.
SBA Loan Borrower
SEVERN WOW CAFE & WINERY
RIVER RIDGE (CENSUS NAME FOR L, LA 70123
SBA Loan Lender
GULF COAST BANK & TRUST
200 ST. CHARLES AVE
NEW ORLEANS, LA 70130
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
722211 - Limited-Service Restaurants
Loan Approval Date
7/26/2007
Loan Approval Gross Amount
$290,000
Loan Approval from the SBA
Of the total $290,000 loan amount, the SBA guaranteed $217,500.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. This loan was used to buy a Wow Cafe And Wingery franchise. At the time of the loan, the company
had 10 employees. This SBA loan request indicated that the loan would help generate 1 new job and retain 10 existing jobs.
Great, But How Can I Get an SBA Loan for My Business?
Every year, the SBA guarantees over $10 billion for loans just like this one.
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 $290,000 loan. Remember, if it to be, it is up to me!
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:
WOW Cafe & Wingery Franchising, LLC
Realistic Debt Financing Options
Where to Get an SBA Loan in New Orleans, Louisiana
Louisiana SBA 7A Lenders