Borrow Money to Buy an El Pollo Loco Franchise

Borrowing money to purchase an El Pollo Loco franchise? Banco Popular North America has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Anaheim, California needed money to invest in an El Pollo Loco franchise back in 2002. Banco Popular North America issued an SBA franchise loan. Here are the details on this California small business loan.

SBA Loan Borrower

EL POLLO LOCO
ANAHEIM, CA 92801

SBA Loan Lender

BANCO POPULAR NORTH AMERICA
7 W 51ST ST, BETWEEN 5TH & 6T
NEW YORK CITY, NY 10019

This lender provides SBA 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

7/26/2002

Loan Approval Gross Amount

$791,000

Loan Approval from the SBA

Of the total $791,000 loan amount, the SBA guaranteed $593,250.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy an El Pollo Loco franchise. At the time of the loan, the company had 75 employees. The SBA loan documents indicated that the loan would help retain 75 existing jobs.

Start the Process for Getting an SBA Loan Today!

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

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Banco Popular North America are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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:

El Pollo Loco, Inc.

Business Cash Advances

Find an SBA Lender in New York City, New York

SBA New York Banks