Banco Popular North America Provides SBA Loan to Buy Buffalo Wings & Rings Franchise

Borrowing money to invest in a Buffalo Wings & Rings franchise? Banco Popular North America has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Buffalo Wings & Rings franchise? If so, here's a 2008 SBA franchise loan that you should know about. Banco Popular North America was the lender and the entrepreneur was based in Chesterfield, Michigan.

SBA Loan Borrower

BUFFALO WINGS & RINGS
CHESTERFIELD, MI 48051

SBA Loan Lender

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

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

2/15/2008

Loan Approval Gross Amount

$680,500

Loan Approval from the SBA

Of the total $680,500 loan amount, the SBA guaranteed $510,375.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Buffalo Wings & Rings franchise. At the time of the loan, the company had only one employee. This SBA loan request indicated that the loan would help generate 19 new jobs and retain 20 existing jobs.

Getting an SBA Loan For Your Business

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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:

Buffalo Wings & Rings

Business Line of Credit

Where to Get an SBA Loan in New York City, New York

SBA New York Banks