Borrow Money to Buy a 24 Seven Vending Franchise

Need a loan to buy a 24 Seven Vending franchise? Banco Popular North America has a history of making these loans and they are guaranteed by the SBA.

If you live near Dallas, Texas and are interested in buying a 24 Seven Vending franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2007 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

JJCHO VENDING
DALLAS, TX 75254

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

454210 - Vending Machine Operators

Loan Approval Date

2/2/2007

Loan Approval Gross Amount

$237,600

Loan Approval from the SBA

Of the total $237,600 loan amount, the SBA guaranteed $178,200.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a 24 Seven Vending franchise. At the time of the loan, the company had only one employee. The SBA loan documents indicated that the loan would help generate 1 new job and retain 2 existing jobs.

Next Steps for Getting an SBA Loan

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer 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:

24seven Vending (US), Inc.

Investor Turnoffs

SBA Banks in New York City, New York

Getting an SBA Loan in New York