Loan to Buy Hartz Chicken Buffet Franchise Issued By United Central Bank

Borrowing money to buy a Hartz Chicken Buffet franchise? United Central Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Hartz Chicken Buffet franchise shouldn't be overly burdensome. In 2007, United Central Bank issued an SBA franchise loan to an entrepreneur in Houston, Texas. Because Hartz Chicken Buffet was registered with the SBA's registry of franchises, this Texas small business loan was issued on an expedited basis.

SBA Loan Borrower

HARTZ CHICKEN #104
HOUSTON, TX 77077

SBA Loan Lender

UNITED CENTRAL BANK
4555 W WALNUT ST
GARLAND, TX 75042

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

8/24/2007

Loan Approval Gross Amount

$596,400

Loan Approval from the SBA

Of the total $596,400 loan amount, the SBA guaranteed $447,300.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Hartz Chicken Buffet franchise. At the time of the loan, the company had 5 employees. The SBA loan application for the borrower indicated that the loan would help retain 5 existing jobs.

Getting an SBA Loan For Your Business

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from United Central Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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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