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April 26, 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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Sandy Spring Bank Franchise 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 Dunkirk, Maryland needed money to invest in a Cluck-U-Chicken franchise back in 2005. 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 This bank loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 9/22/2005 Loan Approval Gross Amount $230,000 Loan Approval from the SBA Of the total $230,000 loan amount, the SBA guaranteed $115,000. 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 2 employees. The loan application indicated that the loan would help generate 10 new jobs and retain 2 existing jobs. Start the Process for Getting an SBA Loan Today! SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $230,000 loan. Remember, fight for what you want, and it will be yours! 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:
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