Oregon Entrepreneur Secures Financing to Buy Kentucky Fried Chicken Franchise

Borrowing money to invest in a Kentucky Fried Chicken franchise? People's Bank Of Commerce has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Kentucky Fried Chicken franchise may simply require a phone call to a local SBA banker. In 2001, People's Bank Of Commerce issued an SBA franchise loan to an entrepreneur in Ashland, Oregon. Because Kentucky Fried Chicken was registered with the SBA's registry of franchises, this Oregon small business loan was issued on an expedited basis.

SBA Loan Borrower

KFC/A&W OF ASHLAND
ASHLAND, OR 97520

SBA Loan Lender

PEOPLE'S BANK OF COMMERCE
750 BIDDLE RD
MEDFORD, OR 97504

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

12/6/2001

Loan Approval Gross Amount

$939,500

Loan Approval from the SBA

Of the total $939,500 loan amount, the SBA guaranteed $704,625.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Kentucky Fried Chicken franchise. At the time of the loan, the company had 2 employees. The SBA loan documents indicated that the loan would help generate 35 new jobs and retain 2 existing jobs.

Start the Process for Getting an SBA Loan Today!

SBA loans provide money to small business owners for working capital for other expenses.

If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from People's Bank Of Commerce so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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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