WINGS ETC.: how its 39 SBA loans actually performed
Full-Service Restaurants · 39 units financed with SBA 7(a) loans since 2010 · 15 lenders have funded this brand.
5 of 27 owners defaulted on their SBA loan
That is 18.5% — roughly 3 times the 5.7% average across all SBA 7(a) loans. It does not make this a bad business. It makes it an expensive one to finance.
How this brand compares
share of owners who defaulted within seven yearsWho lends on it
most active lenders, 2010 onward| Lender | Units funded |
|---|---|
| KeyBank National Association | 10 |
| Byline Bank | 5 |
| 1st Source Bank | 5 |
| The Bank of Missouri | 3 |
| German American Bank | 3 |
| First Bank of the Lake | 3 |
15 lenders have funded WINGS ETC. since 2010. Fewer active lenders means less competition on your rate.
A note on sample size
WINGS ETC. is a smaller-sample brand: 27 of its SBA loans are old enough to judge (our flagship brands have 60+). The default rate above is a real count, but read it as a signal rather than a verdict — with 27 loans, a handful of outcomes moves the number. We omit the year-by-year breakdowns shown on larger brands, which would be noisy at this size.
Common questions
How many WINGS ETC. SBA loans have defaulted?
5 of 27 seasoned WINGS ETC. SBA 7(a) loans charged off within seven years — a 18.5% default rate, against 5.7% across all SBA 7(a) loans.
Is a WINGS ETC. franchise a safe SBA loan bet?
By the numbers its default rate is above the SBA-wide 5.7% average. That is a financing signal, not a verdict on the business — and with 27 loans it is a smaller sample than our flagship brands.
Which lenders fund WINGS ETC. franchises?
15 lenders have made SBA loans to WINGS ETC. since 2010, led by KeyBank National Association.