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April 29, 2024 |
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| Home > Small Business Lenders by State > Massachusetts Business Loan Sources > Bridgewater, Business Loans > The Bridgewater Cu Bridgewater Business Loans > Popeye's Chicken Loan | ||||
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Requirements for Financing a Franchise
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Boston, MA Entrepreneur Gets SBA Loan to Buy Popeye's Famous Fried Chicken FranchiseNeed money to buy a Popeye's Famous Fried Chicken franchise? The Bridgewater Cu has a history of making these loans and they are guaranteed by the SBA. Want to borrow money to buy a Popeye's Famous Fried Chicken franchise? If so, here's a 2006 SBA franchise loan that you should know about. The Bridgewater Cu was the lender and the entrepreneur was based in Boston, Massachusetts. SBA Loan Borrower POPEYE'S CHICKEN SBA Loan Lender THE BRIDGEWATER CU The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide business loans to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 1/23/2006 Loan Approval Gross Amount $400,000 Loan Approval from the SBA Of the total $400,000 loan amount, the SBA guaranteed $300,000. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Popeye's Famous Fried Chicken franchise. At the time of the loan, the company had 12 employees. The SBA loan application for the borrower did not indicate that the company promised to use the funding to add employees or retain any existing employees. Getting an SBA Loan For Your Business Many small businesses receive loans backed by the U.S. Small Business Administration. We can help you find the best banks for small businesses in Boston or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: Family and Friend Investors - Your First Financiers SBA 7A Banks for Bridgewater, Massachusetts Loans
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