Arkansas Entrepreneur Secures Financing to Buy Popeye's Famous Fried Chicken Franchise

Need a loan to purchase a Popeye's Famous Fried Chicken franchise? Metropolitan National Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Siloam Springs, Arkansas needed money to invest in a Popeye's Famous Fried Chicken franchise back in 2005. Metropolitan National Bank issued an SBA franchise loan. Here are the details on this Arkansas small business loan.

SBA Loan Borrower

POPEYE'S FAMOUS FRIED CHICKEN
SILOAM SPRINGS, AR 72764

SBA Loan Lender

METROPOLITAN NATIONAL BANK
425 W CAPITOL AVE
LITTLE ROCK, AR 72201

This SBA small business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

11/16/2005

Loan Approval Gross Amount

$320,000

Loan Approval from the SBA

Of the total $320,000 loan amount, the SBA guaranteed $240,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Popeye's Famous Fried Chicken franchise. At the time of the loan, the company had 55 employees. The loan application did not indicate that the business promised to use the funding to add employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

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 $320,000 loan. Remember, things become real when you believe you can achieve them!

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:

Popeyes Chicken & Biscuits

Bank Credit Lines

SBA Approved Banks in Little Rock, Arkansas

Getting an SBA Loan in Arkansas