Compass Bank Provides SBA Loan to Buy Chicken Express Franchise

Borrowing money to purchase a Chicken Express franchise? Compass Bank has a history of making these loans and they are guaranteed by the SBA.

If you live near Azle, Texas and are interested in buying a Chicken Express franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2002 by Compass Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

CHICKEN EXPRESS AZLE
AZLE, TX 76020

SBA Loan Lender

COMPASS BANK
8875 HWY 80 WEST
FORT WORTH, TX 76116

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

3/28/2002

Loan Approval Gross Amount

$502,000

Loan Approval from the SBA

Of the total $502,000 loan amount, the SBA guaranteed $376,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Chicken Express franchise. At the time of the loan, the company had 18 employees. The loan application indicated that the loan would help generate 15 new jobs.

Start the Process for Getting an SBA Loan Today!

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from Compass Bank 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:

Chicken Express

Accountant's Role in Securing Financing

Small Business Banks in Fort Worth, Texas

SBA Lenders in Texas