Algonac, MI Entrepreneur Gets SBA Loan to Buy Kentucky Fried Chicken Franchise
Need a loan to invest in a Kentucky Fried Chicken franchise? Comerica Bank has a history of making these loans and they are guaranteed by the SBA.
If you live near Algonac, Michigan and are interested in buying a Kentucky Fried Chicken franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2007 by Comerica Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.
SBA Loan Borrower
S & A PROPERTY GROUP, LLC (EPC) & HAY ENTE
Algonac, MI 48001
SBA Loan Lender
COMERICA BANK
1717 MAIN
DALLAS, TX 75201
This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
722211 - Limited-Service Restaurants
Loan Approval Date
6/15/2007
Loan Approval Gross Amount
$1,781,100
Loan Approval from the SBA
Of the total $1,781,100 loan amount, the SBA guaranteed $1,335,825.
More Information on This SBA Loan
The borrower borrowed this money for a new business. This loan was used to buy a Kentucky Fried Chicken franchise. At the time of the loan, the company
had 3 employees. The loan application indicated that the loan would help generate 15 new jobs and retain 15 existing jobs.
Getting an SBA Loan For Your Business
The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.
Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.
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.
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