River Oaks, TX Entrepreneur Gets SBA Loan to Buy Church's Fried Chicken Franchise

Borrowing money to buy a Church's Fried Chicken franchise? Wilshire State Bank has a history of making these loans and they are guaranteed by the SBA.

Church's Fried Chicken franchise loans are available to River Oaks, Texas entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Wilshire State Bank, based in Los Angeles, California, issued an SBA franchise loan for a Church's Fried Chicken franchise in 2007. We've got all the details on this Texas small business loan.

SBA Loan Borrower

NANDO FOOD INC
River Oaks, TX 76114

SBA Loan Lender

WILSHIRE STATE BANK
3200 WILSHIRE BLVD
LOS ANGELES, CA 90010

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

11/8/2007

Loan Approval Gross Amount

$216,000

Loan Approval from the SBA

Of the total $216,000 loan amount, the SBA guaranteed $162,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Church's Fried Chicken franchise. At the time of the loan, the company had 6 employees. The SBA loan application for the borrower indicated that the loan would help retain 6 existing jobs.

Next Steps for Getting an SBA Loan

Every year, the SBA guarantees over $10 billion for loans just like this one.

This SBA loan was for $216,000. How would you spend $216,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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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