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April 25, 2024 |
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| Home > Small Business Lenders by State > Maryland Business Loan Sources > Olney, Business Loans > Sandy Spring Bank Olney Business Loans > Cluck U Chicken Loan | ||||
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Capitol Heights, Maryland Bank for SBA Loans
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Loan to Buy Cluck-U-Chicken Franchise Issued By Sandy Spring BankNeed a loan to invest in a Cluck-U-Chicken franchise? Sandy Spring Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Capitol Heights, Maryland needed money to invest in a Cluck-U-Chicken franchise back in 2004. Sandy Spring Bank issued an SBA franchise loan. Here are the details on this Maryland small business loan. SBA Loan Borrower CLUCK U CHICKEN SBA Loan Lender SANDY SPRING BANK The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide SBA loans to to our country's hard-working small business owners. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5812 - Eating Places NAICS Code 722110 - Full-Service Restaurants Loan Approval Date 11/10/2004 Loan Approval Gross Amount $240,000 Loan Approval from the SBA Of the total $240,000 loan amount, the SBA guaranteed $180,000. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Cluck-U-Chicken franchise. At the time of the loan, the company had 10 employees. This SBA loan request did not indicate that the business promised to use the funding to add employees or retain any existing employees. Next Steps for Getting an SBA Loan If you need money to start a business or already have a business and need money to expand, an SBA loan can be a great way to raise money We can help you find the best banks for small businesses in Capitol Heights 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: Obtaining Funding - Friends and Family Where to Get an SBA Loan in Olney, Maryland
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