Community Bank Provides SBA Loan to Buy Popeye's Famous Fried Chicken Franchise
Borrowing money to buy a Popeye's Famous Fried Chicken franchise? Community Bank has a history of making these loans and they are guaranteed by the SBA.
Want to borrow money to buy a Popeye's Famous Fried Chicken franchise? If so, here's a 2002 SBA franchise loan that you should know about. Community Bank was the lender and the entrepreneur was based in North Hills, California.
SBA Loan Borrower
CHIK ENTERPRISES
NORTH HILLS, CA 91343
SBA Loan Lender
COMMUNITY BANK
790 E COLORADO BLVD
PASADENA, CA 91101
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
722310 - Food Service Contractors
Loan Approval Date
9/13/2002
Loan Approval Gross Amount
$850,000
Loan Approval from the SBA
Of the total $850,000 loan amount, the SBA guaranteed $637,500.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. This loan was used to buy a Popeye's Famous Fried Chicken franchise. At the time of the loan, the company
had 48 employees. This SBA loan request indicated that the loan would help generate 17 new jobs and retain 48 existing jobs.
Next Steps for Getting an SBA Loan
The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.
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 Community 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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