Business Loan Center, LLC Provides SBA Loan to Buy Church's Fried Chicken Franchise

Borrowing money to buy a Church's Fried Chicken franchise? Business Loan Center, LLC has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Church's Fried Chicken franchise is doable. In 2001, Business Loan Center, LLC issued an SBA franchise loan to an entrepreneur in Blakely, Georgia. Because Church's Fried Chicken was registered with the SBA's registry of franchises, this Georgia small business loan was issued on an expedited basis.

SBA Loan Borrower

AMOCO FOOD MART
BLAKELY, GA 31723

SBA Loan Lender

BUSINESS LOAN CENTER, LLC
1633 BROADWAY, 39TH FL
NEW YORK, NY 10019

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

447110 - Gasoline Stations with Convenience Stores

Loan Approval Date

3/8/2001

Loan Approval Gross Amount

$1,094,000

Loan Approval from the SBA

Of the total $1,094,000 loan amount, the SBA guaranteed $820,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Church's Fried Chicken franchise. At the time of the loan, the company had 10 employees. The SBA loan application for the borrower indicated that the loan would help generate 10 new jobs and retain 10 existing jobs.

Next Steps for Getting an SBA Loan

If you are raising money in Blakely GA, you ought to talk with a local Blakely SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Blakely businesses.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Business Loan Center, LLC and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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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