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May 2, 2024 |
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| Home > Small Business Lenders by State > New Jersey Business Loan Sources > Portland, Business Loans > Td Banknorth Portland Business Loans > Ashour Foods, Inc. Loan | ||||
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Where to Get a Bank Loan to Purchase a Franchise
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Borrow Money to Buy a Kentucky Fried Chicken FranchiseBorrowing money to buy a Kentucky Fried Chicken franchise? Td Banknorth has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Parsippany, New Jersey needed money to invest in a Kentucky Fried Chicken franchise back in 2007. Td Banknorth issued an SBA franchise loan. Here are the details on this New Jersey small business loan. SBA Loan Borrower ASHOUR FOODS, INC. SBA Loan Lender TD BANKNORTH This lender provides SBA small business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 7/12/2007 Loan Approval Gross Amount $500,000 Loan Approval from the SBA Of the total $500,000 loan amount, the SBA guaranteed $375,000. 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 only one employee. The SBA loan application for the borrower indicated that the loan would help generate 39 new jobs and retain 40 existing jobs. Next Steps for Getting an SBA Loan SBA loans provide money to small business owners for working capital for other expenses. If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from Td Banknorth so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. 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: SBA Approved Banks in Portland, Maine Browse All Business Loan Sources for Maine
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