Loan to Buy 24 Seven Vending Franchise Issued By Banco Popular North America

Borrowing money to invest in a 24 Seven Vending franchise? Banco Popular North America has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Dallas, Texas needed money to invest in a 24 Seven Vending franchise back in 2006. Banco Popular North America issued an SBA franchise loan. Here are the details on this Texas small business loan.

SBA Loan Borrower

SINN VENDING
DALLAS, TX 75229

SBA Loan Lender

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

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

454210 - Vending Machine Operators

Loan Approval Date

11/17/2006

Loan Approval Gross Amount

$189,600

Loan Approval from the SBA

Of the total $189,600 loan amount, the SBA guaranteed $142,200.

More Information on This SBA Loan

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

Great, But How Can I Get an SBA Loan for My Business?

Many small businesses receive loans backed by the U.S. Small Business Administration.

We can help you find the best banks for small businesses in Dallas or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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.

Strategic Investors

SBA 7A Lenders in New York City, New York

New York SBA Bank Lenders