Loan to Buy Cluck-U-Chicken Franchise Issued By Sandy Spring Bank

Need a loan to invest in a Cluck-U-Chicken franchise? Sandy Spring Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Capitol Heights, Maryland needed money to invest in a Cluck-U-Chicken franchise back in 2004. Sandy Spring Bank issued an SBA franchise loan. Here are the details on this Maryland small business loan.

SBA Loan Borrower

CLUCK U CHICKEN
CAPITOL HEIGHTS, MD 20743

SBA Loan Lender

SANDY SPRING BANK
17801 GEORGIA AVE
OLNEY, MD 20832

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide SBA loans to to our country's hard-working small business owners.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

11/10/2004

Loan Approval Gross Amount

$240,000

Loan Approval from the SBA

Of the total $240,000 loan amount, the SBA guaranteed $180,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Cluck-U-Chicken franchise. At the time of the loan, the company had 10 employees. This SBA loan request did not indicate that the business promised to use the funding to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

If you need money to start a business or already have a business and need money to expand, an SBA loan can be a great way to raise money

We can help you find the best banks for small businesses in Capitol Heights or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

Cluck-U Chicken

Obtaining Funding - Friends and Family

Where to Get an SBA Loan in Olney, Maryland

Maryland SBA 7A Lenders