Houston, TX Entrepreneur Gets SBA Loan to Buy Chicken Kitchen Restaurant Franchise

Need a loan to buy a Chicken Kitchen Restaurant franchise? Banco Popular North America has a history of making these loans and they are guaranteed by the SBA.

Chicken Kitchen Restaurant franchise loans are available to Houston, Texas entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Banco Popular North America, based in New York City, New York, issued an SBA franchise loan for a Chicken Kitchen Restaurant franchise in 2006. We've got all the details on this Texas small business loan.

SBA Loan Borrower

CHICKEN KITCHEN
HOUSTON, TX 77042

SBA Loan Lender

BANCO POPULAR NORTH AMERICA
7 W 51ST ST, BETWEEN 5TH & 6T
NEW YORK CITY, NY 10019

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

722110 - Full-Service Restaurants

Loan Approval Date

6/6/2006

Loan Approval Gross Amount

$401,500

Loan Approval from the SBA

Of the total $401,500 loan amount, the SBA guaranteed $301,125.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Chicken Kitchen Restaurant franchise. At the time of the loan, the company had only one employee. The SBA loan application for the borrower indicated that the loan would help generate 18 new jobs and retain 1 existing job.

Next Steps for Getting an SBA Loan

Many small businesses receive loans backed by the U.S. Small Business Administration.

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