Borrow Money to Buy a Chicken Express Franchise

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

An entrepreneur in Bedford, Texas needed money to invest in a Chicken Express franchise back in 2004. Compass Bank issued an SBA franchise loan. Here are the details on this Texas small business loan.

SBA Loan Borrower

CHICKEN EXPRESS BEDFORD
BEDFORD, TX 76022

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

9/28/2004

Loan Approval Gross Amount

$65,200

Loan Approval from the SBA

Of the total $65,200 loan amount, the SBA guaranteed $48,900.

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 only one employee. The SBA loan application for the borrower indicated that the loan would help retain 12 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.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Compass Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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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