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November 15, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > New York City, Business Loans > Banco Popular North America New York City Business Loans > Long John Silver's Loan | ||||
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Where to Get a Small Business Loan to Purchase a Franchise
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Texas Entrepreneur Secures Financing to Buy Long John Silver's FranchiseBorrowing money to purchase a Long John Silver's franchise? Banco Popular North America has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Galveston, Texas needed money to invest in a Long John Silver's franchise back in 2003. Banco Popular North America issued an SBA franchise loan. Here are the details on this Texas small business loan. SBA Loan Borrower LONG JOHN SILVER'S SBA Loan Lender BANCO POPULAR NORTH AMERICA 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 722211 - Limited-Service Restaurants Loan Approval Date 9/17/2003 Loan Approval Gross Amount $216,000 Loan Approval from the SBA Of the total $216,000 loan amount, the SBA guaranteed $162,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Long John Silver's franchise. At the time of the loan, the company had 12 employees. This SBA loan request indicated that the loan would help retain 12 existing jobs. Next Steps for Getting an SBA Loan SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. 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: Long John Silver's Restaurants, Inc. Role of Business Plan When Raising Money Best New York City, New York Banks for Small Business Browse All Business Loan Sources for New York
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