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November 22, 2024 |
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| Home > Small Business Lenders by State > Alaska Business Loan Sources > Anchorage, Business Loans > Northrim Bank Anchorage Business Loans > Popeye's Chicken Loan | ||||
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Anchorage, Alaska Bank for SBA Loans
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Anchorage, AK Entrepreneur Gets SBA Loan to Buy Popeye's Famous Fried Chicken FranchiseNeed money to buy a Popeye's Famous Fried Chicken franchise? Northrim Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Anchorage, Alaska needed money to invest in a Popeye's Famous Fried Chicken franchise back in 2005. Northrim Bank issued an SBA franchise loan. Here are the details on this Alaska small business loan. SBA Loan Borrower POPEYE'S CHICKEN SBA Loan Lender NORTHRIM BANK This lender issued this business loan under the SBA's 7A loan, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5812 - Eating Places NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 8/3/2005 Loan Approval Gross Amount $700,000 Loan Approval from the SBA Of the total $700,000 loan amount, the SBA guaranteed $525,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Popeye's Famous Fried Chicken franchise. At the time of the loan, the company had 40 employees. The SBA loan documents did not indicate that the business planned to use the funding to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business SBA loans provide money to small business owners for working capital for other expenses. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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: Advice on Getting a Small Business Loan Where to Get an SBA Loan in Anchorage, Alaska
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