Borrow Money to Buy a Church's Fried Chicken Franchise
Need money to buy a Church's Fried Chicken franchise? United Community Bank has a history of making these loans and they are guaranteed by the SBA.
An entrepreneur in Lawrenceville, Georgia needed money to invest in a Church's Fried Chicken franchise back in 2006. United Community Bank issued an SBA franchise loan. Here are the details on this Georgia small business loan.
SBA Loan Borrower
P & M BUSINESS INVESTMENTS, INC
LAWRENCEVILLE, GA 30043
SBA Loan Lender
UNITED COMMUNITY BANK
59 HWY 515
BLAIRSVILLE, GA 30514
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
6/22/2006
Loan Approval Gross Amount
$594,000
Loan Approval from the SBA
Of the total $594,000 loan amount, the SBA guaranteed $445,500.
More Information on This SBA Loan
The borrower borrowed this money for a new business. This loan was used to buy a Church's Fried Chicken franchise. At the time of the loan, the company
had no employees. The SBA loan application for the borrower indicated that the funding would help create 30 new jobs.
Start the Process for Getting an SBA Loan Today!
If you have been wondering how do i get money to start a business in Lawrenceville GA, you ought to talk with a local Lawrenceville SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Lawrenceville businesses.
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 $594,000 loan. Remember, if it to be, it is up to me!
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:
Church's Chicken
How Equity Dilution Works
Where to Get an SBA Loan in Blairsville, Georgia
SBA Participating Banks in Georgia