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April 28, 2024 |
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| Home > Small Business Lenders by State > Georgia Business Loan Sources > Atlanta, Business Loans > United Commercial Bank Atlanta Business Loans > Churches Fried Chicken Loan | ||||
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Raising Money in Riverdale, Georgia With SBA Loans
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Georgia Entrepreneur Secures Financing to Buy Church's Fried Chicken FranchiseBorrowing money to purchase a Church's Fried Chicken franchise? United Commercial Bank has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a Church's Fried Chicken franchise shouldn't be too tough. In 2002, United Commercial Bank issued an SBA franchise loan to an entrepreneur in Riverdale, Georgia. Because Church's Fried Chicken was registered with the SBA's registry of franchises, this Georgia small business loan was issued on an expedited basis. SBA Loan Borrower CHURCHES FRIED CHICKEN SBA Loan Lender UNITED COMMERCIAL BANK This lender provides SBA debt financing 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 9/26/2002 Loan Approval Gross Amount $330,000 Loan Approval from the SBA Of the total $330,000 loan amount, the SBA guaranteed $247,500. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Church's Fried Chicken franchise. At the time of the loan, the company had 50 employees. The SBA loan documents indicated that the loan would help generate 20 new jobs and retain 70 existing jobs. Getting an SBA Loan For Your Business Many small businesses receive loans backed by the U.S. Small Business Administration. This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer for you. 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: Small Business Banks in Atlanta, Georgia
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