Tennessee Entrepreneur Secures Financing to Buy Popeye's Famous Fried Chicken Franchise

Need a loan to buy a Popeye's Famous Fried Chicken franchise? Haven Trust Bank has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Popeye's Famous Fried Chicken franchise? If so, here's a 2006 SBA franchise loan that you should know about. Haven Trust Bank was the lender and the entrepreneur was based in Chattanooga, Tennessee.

SBA Loan Borrower

A & L FOODS, LLC.
CHATTANOOGA, TN 37408

SBA Loan Lender

HAVEN TRUST BANK
6340 SUGARLOAF PKWY, STE 100
DULUTH, GA 30097

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

1/6/2006

Loan Approval Gross Amount

$611,800

Loan Approval from the SBA

Of the total $611,800 loan amount, the SBA guaranteed $458,850.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Popeye's Famous Fried Chicken franchise. At the time of the loan, the company had 2 employees. The SBA loan documents indicated that the loan would help generate 15 new jobs and retain 17 existing jobs.

Start the Process for Getting an SBA Loan Today!

Remember, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $611,800 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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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