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December 21, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Los Angeles, Business Loans > Commonwealth Business Bank Los Angeles Business Loans > K F C Loan | ||||
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Business Loans for Glendale Small Business Owners
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Commonwealth Business Bank Provides SBA Loan to Buy Kentucky Fried Chicken FranchiseNeed a loan to purchase a Kentucky Fried Chicken franchise? Commonwealth Business Bank has a history of making these loans and they are guaranteed by the SBA. If you live near Glendale, California 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 2007 by Commonwealth Business Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase. SBA Loan Borrower K F C SBA Loan Lender COMMONWEALTH BUSINESS BANK This lender provides SBA 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 3/7/2007 Loan Approval Gross Amount $772,000 Loan Approval from the SBA Of the total $772,000 loan amount, the SBA guaranteed $579,000. 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 20 employees. The loan application indicated that the loan would help retain 20 existing jobs. Great, But How Can I Get an SBA Loan for My Business? SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $772,000 loan. Remember, things become real when you believe you can achieve them! 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: Microlending as a Small Business Funding Source Good Banks for Small Business in Los Angeles, California
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