Philadelphia, PA Entrepreneur Gets SBA Loan to Buy Bullets,Burger,Chicken & More Franchise

Need money to buy a Bullets,Burger,Chicken & More franchise? Textron Business Credit, Inc. has a history of making these loans and they are guaranteed by the SBA.

Bullets,Burger,Chicken & More franchise loans are available to Philadelphia, Pennsylvania entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Textron Business Credit, Inc., based in Providence, Rhode Island, issued an SBA franchise loan for a Bullets,Burger,Chicken & More franchise in 2000. We've got all the details on this Pennsylvania small business loan.

SBA Loan Borrower

CLARION MANAGEMENT GROUP, INC.
PHILADELPHIA, PA 19119

SBA Loan Lender

TEXTRON BUSINESS CREDIT, INC.
40 WESTMINISTER ST
PROVIDENCE, RI 02903

This loan for a small business was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5541 - Gasoline Service Stations

NAICS Code

447110 - Gasoline Stations with Convenience Stores

Loan Approval Date

11/20/2000

Loan Approval Gross Amount

$1,000,000

Loan Approval from the SBA

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

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Bullets,Burger,Chicken & More franchise. At the time of the loan, the company had 20 employees. The SBA loan documents did not indicate that the business promised to use the money to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

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.

We can help you find the best banks for small businesses in Philadelphia or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

How Equity Dilution Works

Where to Get an SBA Loan in Providence, Rhode Island

Where to Get an SBA Loan Rhode Island