in Saginaw, Texas
As a CPA, formerly employed by Price Waterhouse, Brett Minnehan prides himself on his understanding of money and numbers. So, when Minnehan decided to go into business for himself, he knew from the beginning how important it would be to have the longest term possible on his loan and to have a fixed rate of interest if possible. After talking with several bankers, Minnehan chose to work with Martin Talley of Plains Capital in Weatherford. “Martin had a complete understanding of the franchise and was extremely knowledgeable on the equipment costs and start up inventory needs for this particular business.”
Minnehan’s motto for the Chicken Express enterprise is “always under promise and over deliver.” Nothing is more important to our store’s success than customer service.
Minnehan was pleased with the customer service delivered by Plains Capital and Alliance Lending.
Minnehan is already planning for a second location and will absolutely use the SBA 504 loan on subsequent store locations. “Besides the attractive fixed rate, the biggest benefit was the low, 15% equity injection required by the bank. With the participation of Alliance, my equity injection requirement is low enough to allow a second location to come on board much sooner.”