Ohio Entrepreneur Secures Financing to Buy Kentucky Fried Chicken Franchise

Borrowing money to buy a Kentucky Fried Chicken franchise? Bank Of The West has a history of making these loans and they are guaranteed by the SBA.

Kentucky Fried Chicken franchise loans are available to Celina, Ohio entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Bank Of The West, based in San Francisco, California, issued an SBA franchise loan for a Kentucky Fried Chicken franchise in 2000. We've got all the details on this Ohio small business loan.

SBA Loan Borrower

KENTUCKY FRIED CHICKEN OF CELI
CELINA, OH 45822

SBA Loan Lender

BANK OF THE WEST
180 MONTGOMERY ST
SAN FRANCISCO, CA 94104

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 small business loans to to entrepreneurs who might have trouble getting a conventional bank loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

Loan Approval Date

8/22/2000

Loan Approval Gross Amount

$230,000

Loan Approval from the SBA

Of the total $230,000 loan amount, the SBA guaranteed $172,500.

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 22 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the loan proceeds to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

This SBA loan was for $230,000. How would you spend $230,000 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:

KFC Corporation

Debt Financing

SBA Banks in San Francisco, California

Getting a Business Loan in California