Little Elm, TX Entrepreneur Gets SBA Loan to Buy Kentucky Fried Chicken Franchise

Need a loan to invest in a Kentucky Fried Chicken franchise? Comerica Bank has a history of making these loans and they are guaranteed by the SBA.

Kentucky Fried Chicken franchise loans are available to Little Elm, Texas entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Comerica Bank, based in Dallas, Texas, issued an SBA franchise loan for a Kentucky Fried Chicken franchise in 2004. We've got all the details on this Texas small business loan.

SBA Loan Borrower

KFC/LONG JOHN SILVERS
LITTLE ELM, TX 75034

SBA Loan Lender

COMERICA BANK
1717 MAIN
DALLAS, TX 75201

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

9/21/2004

Loan Approval Gross Amount

$1,689,000

Loan Approval from the SBA

Of the total $1,689,000 loan amount, the SBA guaranteed $1,266,750.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Kentucky Fried Chicken franchise. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower indicated that the loan would help generate 35 new jobs.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans provide smart, affordable business financing for small businesses looking to expand.

This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? Maybe you need money to buy a business? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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:

KFC Corporation

Getting a Small Business Loan

Good Banks for Small Business in Dallas, Texas

SBA Lenders in Texas