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May 2, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Garland, Business Loans > United Central Bank Garland Business Loans > Kfc- Taco Bell Wharton Loan | ||||
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Where to Get an SBA 7A Loan to Purchase a Franchise
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Wharton, TX Entrepreneur Gets SBA Loan to Buy Kentucky Fried Chicken FranchiseNeed money to buy a Kentucky Fried Chicken franchise? United Central Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Wharton, Texas needed money to invest in a Kentucky Fried Chicken franchise back in 2006. United Central Bank issued an SBA franchise loan. Here are the details on this Texas small business loan. SBA Loan Borrower KFC- TACO BELL WHARTON SBA Loan Lender UNITED CENTRAL BANK 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 11/29/2006 Loan Approval Gross Amount $1,121,000 Loan Approval from the SBA Of the total $1,121,000 loan amount, the SBA guaranteed $840,750. 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 1 new job and retain 1 existing job. Next Steps for Getting an SBA Loan SBA loans provide money to small business owners for working capital for other expenses. While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan. 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: A Company That Helps Entrepreneurs
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