Loan to Buy Kentucky Fried Chicken Franchise Issued By Rbc Centura Bank

Need a loan to invest in a Kentucky Fried Chicken franchise? Rbc Centura Bank has a history of making these loans and they are guaranteed by the SBA.

If you live near Atlanta, Georgia and are interested in buying a Kentucky Fried Chicken franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2001 by Rbc Centura Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

KFC/PIZZA HUT "2 IN 1" FRANCHI
ATLANTA, GA 30328

SBA Loan Lender

RBC CENTURA BANK
3475 PIEDMONT RD NE, STE 550
ATLANTA, GA 30305

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

722110 - Full-Service Restaurants

Loan Approval Date

5/3/2001

Loan Approval Gross Amount

$713,000

Loan Approval from the SBA

Of the total $713,000 loan amount, the SBA guaranteed $534,750.

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 8 employees. The loan application indicated that the loan would help generate 15 new jobs and retain 23 existing jobs.

Next Steps for Getting an SBA Loan

Don't apply for a loan directly with the SBA. You need to apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Rbc Centura Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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:

KFC Corporation

SBIR Funding

SBA Banks in Atlanta, Georgia

Find an SBA Lender in Georgia