Michigan Entrepreneur Secures Financing to Buy Popeye's Famous Fried Chicken Franchise
Need a loan to buy a Popeye's Famous Fried Chicken franchise? Wells Fargo Bank has a history of making these loans and they are guaranteed by the SBA.
If you live near Battle Creek, Michigan and are interested in buying a Popeye's Famous Fried Chicken franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2006 by Wells Fargo Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.
SBA Loan Borrower
POPEYES CHICKEN & BISCUITS
BATTLE CREEK, MI 49016
SBA Loan Lender
WELLS FARGO BANK
121 PARK CENTER PLZ
SAN JOSE, CA 95113
This loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.
SBA Loan Program Type
This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.
NAICS Code
722211 - Limited-Service Restaurants
Loan Approval Date
5/5/2006
Loan Approval Gross Amount
$95,000
Loan Approval from the SBA
Of the total $95,000 loan amount, the SBA guaranteed $47,500.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. This loan was used to buy a Popeye's Famous Fried Chicken franchise. At the time of the loan, the company
had 26 employees. The SBA loan documents indicated that the loan would help generate 4 new jobs and retain 30 existing jobs.
Start the Process for Getting an SBA Loan Today!
Every year, the SBA guarantees over $10 billion for loans just like this one.
This SBA loan was for $95,000. How would you spend $95,000 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:
Popeyes Chicken & Biscuits
Obtaining Funding - Friends and Family
Banks in San Jose, California
California SBA 7A Banks