Loan to Buy Kentucky Fried Chicken Franchise Issued By United Commercial Bank

Need money to invest in a Kentucky Fried Chicken franchise? United Commercial 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 2005 by United Commercial Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

VISION RESTAURANT MANAGEMENT L
ATLANTA, GA 30303

SBA Loan Lender

UNITED COMMERCIAL BANK
4360 CHAMBLEE-DUNWOODY RD
ATLANTA, GA 30341

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

7/14/2005

Loan Approval Gross Amount

$985,000

Loan Approval from the SBA

Of the total $985,000 loan amount, the SBA guaranteed $738,750.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Kentucky Fried Chicken franchise. At the time of the loan, the company had only one employee. The loan application indicated that the loan would help generate 19 new jobs and retain 19 existing jobs.

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

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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

Bank Credit Lines

SBA Participating Banks in Atlanta, Georgia

Getting an SBA Loan in Georgia