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November 22, 2024 |
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| Home > Small Business Lenders by State > Iowa Business Loan Sources > Clear Lake, Business Loans > Clear Lake Bank & Trust Clear Lake Business Loans > Kentucky Fried Chicken Loan | ||||
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Good Sources for Clear Lake SBA Loans
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Loan to Buy Kentucky Fried Chicken Franchise Issued By Clear Lake Bank & TrustNeed money to purchase a Kentucky Fried Chicken franchise? Clear Lake Bank & Trust has a history of making these loans and they are guaranteed by the SBA. If you live near Clear Lake, Iowa and are interested in buying a Kentucky Fried Chicken franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2001 by Clear Lake Bank & Trust. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase. SBA Loan Borrower KENTUCKY FRIED CHICKEN SBA Loan Lender CLEAR LAKE BANK & TRUST 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 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 NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 3/21/2001 Loan Approval Gross Amount $283,800 Loan Approval from the SBA Of the total $283,800 loan amount, the SBA guaranteed $212,850. 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 8 employees. The SBA loan documents did not indicate that the small business planned to use the funding to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. 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 Clear Lake Bank & Trust 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. Related Links:
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