Loan to Buy Church's Fried Chicken Franchise Issued By Stearns Bank Arizona

Need a loan to invest in a Church's Fried Chicken franchise? Stearns Bank Arizona has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Church's Fried Chicken franchise? If so, here's a 2005 SBA franchise loan that you should know about. Stearns Bank Arizona was the lender and the entrepreneur was based in Chandler, Arizona.

SBA Loan Borrower

CHURCH'S CHICKEN
CHANDLER, AZ 85225

SBA Loan Lender

STEARNS BANK ARIZONA
9225 E SHEA BLVD
SCOTTSDALE, AZ 85260

This lender provides SBA small business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

8/23/2005

Loan Approval Gross Amount

$755,000

Loan Approval from the SBA

Of the total $755,000 loan amount, the SBA guaranteed $566,250.

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 11 employees. The loan application indicated that the loan would help retain 11 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

Many small businesses receive loans backed by the U.S. Small Business Administration.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Stearns Bank Arizona had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Stearns Bank Arizona made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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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