Elk Grove, CA Entrepreneur Gets SBA Loan to Buy Buffalo Wings & Rings Franchise

Need 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 Elk Grove, California.

SBA Loan Borrower

BUFFALO WINGS & RINGS
ELK GROVE, CA 95624

SBA Loan Lender

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

This lender provides SBA 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

722110 - Full-Service Restaurants

Loan Approval Date

1/17/2008

Loan Approval Gross Amount

$532,500

Loan Approval from the SBA

Of the total $532,500 loan amount, the SBA guaranteed $399,375.

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 3 employees. This SBA loan request indicated that the loan would help generate 16 new jobs and retain 3 existing jobs.

Next Steps for Getting an SBA Loan

SBA loans provide smart, affordable business financing for small businesses looking to expand.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Banco Popular North America are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there 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.

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