Borrow Money to Buy an El Pollo Loco Franchise

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

If you live near Calexico, California and are interested in buying an El Pollo Loco franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2006 by Banco Popular North America. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

EL POLLO LOCO
CALEXICO, CA 92231

SBA Loan Lender

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

This lender provides SBA small business 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

6/22/2006

Loan Approval Gross Amount

$122,800

Loan Approval from the SBA

Of the total $122,800 loan amount, the SBA guaranteed $104,380.

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 96 employees. This SBA loan request indicated that the loan would help generate 55 new jobs and retain 151 existing jobs.

Getting an SBA Loan For Your Business

If you are wondering how to find money to start a business or need money for an existing business, an SBA loan can be a great source of funding.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Banco Popular North America had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Banco Popular North America made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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 Incubators

Find an SBA Lender in New York City, New York

Getting an SBA Loan in New York