San Leandro, CA Entrepreneur Gets SBA Loan to Buy Kentucky Fried Chicken Franchise

Borrowing money to buy a Kentucky Fried Chicken franchise? Comerica Bank has a history of making these loans and they are guaranteed by the SBA.

If you live near San Leandro, California and are interested in buying a Kentucky Fried Chicken franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2006 by Comerica Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

ROYAL PARTNERS, LLC DBA KFC AN
SAN LEANDRO, CA 94577

SBA Loan Lender

COMERICA BANK
1717 MAIN
DALLAS, TX 75201

This lender provides SBA commercial loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

5/15/2006

Loan Approval Gross Amount

$1,610,200

Loan Approval from the SBA

Of the total $1,610,200 loan amount, the SBA guaranteed $1,207,650.

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 documents indicated that the loan would help generate 20 new jobs and retain 20 existing jobs.

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

Although it's called an SBA loan, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

We can help you find the best banks for small businesses in San Leandro 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.

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