Loan to Buy Kentucky Fried Chicken Franchise Issued By Bankfirst

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

Getting money to buy a Kentucky Fried Chicken franchise shouldn't be too tough. In 2000, Bankfirst issued an SBA franchise loan to an entrepreneur in Norfolk, Nebraska. Because Kentucky Fried Chicken was registered with the SBA's registry of franchises, this Nebraska small business loan was issued on an expedited basis.

SBA Loan Borrower

KFC NORFOLK
NORFOLK, NE 68701

SBA Loan Lender

BANKFIRST
100 N 13TH ST
NORFOLK, NE 68701

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide commercial loans to to entrepreneurs who might have trouble getting a conventional bank loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

12/22/2000

Loan Approval Gross Amount

$483,200

Loan Approval from the SBA

Of the total $483,200 loan amount, the SBA guaranteed $362,400.

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 42 employees. The SBA loan application for the borrower did not indicate that the company promised to use the loan proceeds to increase staffing levels or retain any existing employees.

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

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

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 $483,200 loan. Remember, feel the fear, and do it anyway.

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

Direct Public Offerings

Best Norfolk, Nebraska Banks for Small Business

Getting an SBA Loan in Nebraska