Paris, TX Entrepreneur Gets SBA Loan to Buy Church's Fried Chicken Franchise

Need a loan to purchase a Church's Fried Chicken franchise? United Central Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Church's Fried Chicken franchise may simply require a phone call to a local SBA banker. In 2007, United Central Bank issued an SBA franchise loan to an entrepreneur in Paris, Texas. Because Church's Fried Chicken was registered with the SBA's registry of franchises, this Texas small business loan was issued on an expedited basis.

SBA Loan Borrower

HDRTIM ENTERPRISE INC
PARIS, TX 75460

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

9/26/2007

Loan Approval Gross Amount

$763,000

Loan Approval from the SBA

Of the total $763,000 loan amount, the SBA guaranteed $572,250.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Church's Fried Chicken franchise. At the time of the loan, the company had 15 employees. The loan application indicated that the loan would help generate 13 new jobs and retain 28 existing jobs.

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

SBA loans provide money to small business owners for working capital for other expenses.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $763,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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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