Bay City, TX Entrepreneur Gets SBA Loan to Buy Kentucky Fried Chicken Franchise

Borrowing money to buy a Kentucky Fried Chicken franchise? U.S. Bank National Association has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Kentucky Fried Chicken franchise? If so, here's a 2001 SBA franchise loan that you should know about. U.S. Bank National Association was the lender and the entrepreneur was based in Bay City, Texas.

SBA Loan Borrower

AA FAST FOOD, LLC
BAY CITY, TX 77414

SBA Loan Lender

U.S. BANK NATIONAL ASSOCIATION
425 WALNUT ST
CINCINNATI, OH 45202

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

8/10/2001

Loan Approval Gross Amount

$469,000

Loan Approval from the SBA

Of the total $469,000 loan amount, the SBA guaranteed $256,111.

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 15 employees. The SBA loan documents indicated that the loan would help retain 15 existing jobs.

Getting an SBA Loan For Your Business

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $469,000 loan. Remember, if it to be, it is up to me!

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.

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