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April 25, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Fort Worth, Business Loans > Compass Bank Fort Worth Business Loans > Chicken Express Loan | ||||
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Texas Small Business Funding for Franchises
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Lubbock, TX Entrepreneur Gets SBA Loan to Buy Chicken Express FranchiseNeed a loan to purchase a Chicken Express franchise? Compass Bank has a history of making these loans and they are guaranteed by the SBA. If you live near Lubbock, Texas and are interested in buying a Chicken Express franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2000 by Compass Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase. SBA Loan Borrower CHICKEN EXPRESS SBA Loan Lender COMPASS BANK As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 10/17/2000 Loan Approval Gross Amount $140,400 Loan Approval from the SBA Of the total $140,400 loan amount, the SBA guaranteed $105,300. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Chicken Express franchise. At the time of the loan, the company had 17 employees. The loan application indicated that the loan would help create 13 new jobs. Great, But How Can I Get an SBA Loan for My Business? SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses. 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 $140,400 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: Best Banks in Fort Worth, Texas
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