Loan to Buy Popeye's Famous Fried Chicken Franchise Issued By United Central Bank

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

Getting money to buy a Popeye's Famous Fried Chicken franchise requires some effort but others before you have been successful. In 2007, United Central Bank issued an SBA franchise loan to an entrepreneur in Antioch, Illinois. Because Popeye's Famous Fried Chicken was registered with the SBA's registry of franchises, this Illinois small business loan was issued on an expedited basis.

SBA Loan Borrower

POPEYES CHICKEN & BISCUITS
ANTIOCH, IL 60002

SBA Loan Lender

UNITED CENTRAL BANK
4555 W WALNUT ST
GARLAND, TX 75042

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

5/9/2007

Loan Approval Gross Amount

$603,300

Loan Approval from the SBA

Of the total $603,300 loan amount, the SBA guaranteed $452,475.

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 30 employees. The SBA loan documents indicated that the loan would help generate 40 new jobs and retain 70 existing jobs.

Getting an SBA Loan For Your Business

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

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like United Central Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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.

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Getting an SBA Loan in Texas