Borrow Money to Buy a Chicken Express Franchise

Borrowing money to buy a Chicken Express franchise? Prosperity Bank has a history of making these loans and they are guaranteed by the SBA.

Chicken Express franchise loans are available to Gainesville, Texas entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Prosperity Bank, based in Gainesville, Texas, issued an SBA franchise loan for a Chicken Express franchise in 2002. We've got all the details on this Texas small business loan.

SBA Loan Borrower

CHICKEN EXPRESS
GAINESVILLE, TX 76240

SBA Loan Lender

PROSPERITY BANK
100 E CALIFORNIA ST
GAINESVILLE, TX 76240

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

9/6/2002

Loan Approval Gross Amount

$524,000

Loan Approval from the SBA

Of the total $524,000 loan amount, the SBA guaranteed $393,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Chicken Express franchise. At the time of the loan, the company had only one employee. The SBA loan application for the borrower indicated that the funding would help create 6 new jobs.

Next Steps for Getting an SBA Loan

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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:

Chicken Express

Obtaining Funding - How to Borrow Money

SBA Participating Banks in Gainesville, Texas

Browse All Business Loan Sources for Texas