Borrow Money to Buy a Church's Fried Chicken Franchise

Need a loan to buy a Church's Fried Chicken franchise? Provident Bank Of Maryland has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Church's Fried Chicken franchise? If so, here's a 2005 SBA franchise loan that you should know about. Provident Bank Of Maryland was the lender and the entrepreneur was based in Baltimore Highlands, Maryland.

SBA Loan Borrower

CHURCH'S CHICKEN
BALTIMORE HIGHLANDS, MD 21282

SBA Loan Lender

PROVIDENT BANK OF MARYLAND
114 E LEXINGTON ST
BALTIMORE, MD 21202

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

2/25/2005

Loan Approval Gross Amount

$328,500

Loan Approval from the SBA

Of the total $328,500 loan amount, the SBA guaranteed $246,375.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Church's Fried Chicken franchise. At the time of the loan, the company had 18 employees. The SBA loan application for the borrower indicated that the borrowed money would help create 18 new jobs.

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

If you are wondering how to find money to start a business or need money for an existing business, an SBA loan can be a great way to raise money

This SBA loan was for $328,500. How would you spend $328,500 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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:

Church's Chicken

Bank Credit Lines

SBA 7A Banks for Baltimore, Maryland Loans

SBA Maryland Lenders