Borrow Money to Buy a Popeye's Famous Fried Chicken Franchise

Borrowing money to buy a Popeye's Famous Fried Chicken franchise? Amer National Bank - Texas 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 2002 SBA franchise loan that you should know about. Amer National Bank - Texas was the lender and the entrepreneur was based in Cleburne, Texas.

SBA Loan Borrower

POPEYES CHICKEN & BISCUITS
CLEBURNE, TX 76031

SBA Loan Lender

AMER NATIONAL BANK - TEXAS
2720 W 7TH ST
FORT WORTH, TX 76102

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

2/19/2002

Loan Approval Gross Amount

$649,600

Loan Approval from the SBA

Of the total $649,600 loan amount, the SBA guaranteed $487,200.

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 only one employee. The loan application indicated that the loan would help generate 10 new jobs and retain 1 existing job.

Next Steps for Getting an SBA Loan

Every year, the SBA guarantees over $10 billion for loans just like this one.

We can help you find the best banks for small businesses in Cleburne 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.

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