Bank Of Hawaii Provides SBA Loan to Buy Church's Fried Chicken Franchise

Need a loan to invest in a Church's Fried Chicken franchise? Bank Of Hawaii has a history of making these loans and they are guaranteed by the SBA.

Church's Fried Chicken franchise loans are available to Siapan, entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Bank Of Hawaii, based in Saipan, , issued an SBA franchise loan for a Church's Fried Chicken franchise in 2002. We've got all the details on this small business loan.

SBA Loan Borrower

CHURCH'S CHICKEN SAIPAN
SIAPAN, MP 96950

SBA Loan Lender

BANK OF HAWAII
MIDDLE RD GARAPAN
SAIPAN, MP 96950

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

7/29/2002

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Church's Fried Chicken franchise. At the time of the loan, the company had 11 employees. The SBA loan documents did not indicate that the small business promised to use the loan proceeds to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

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

There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower.

Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today!

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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