Loan to Buy Buffalo Wings & Rings Franchise Issued By Banco Popular North America

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

An entrepreneur in Greensboro, North Carolina needed money to invest in a Buffalo Wings & Rings franchise back in 2008. Banco Popular North America issued an SBA franchise loan. Here are the details on this North Carolina small business loan.

SBA Loan Borrower

BUFFALO WINGS & RINGS
GREENSBORO, NC 27410

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

2/26/2008

Loan Approval Gross Amount

$750,700

Loan Approval from the SBA

Of the total $750,700 loan amount, the SBA guaranteed $563,025.

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 2 employees. The SBA loan application for the borrower indicated that the loan would help generate 23 new jobs and retain 2 existing jobs.

Getting an SBA Loan For Your Business

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

While you may be able to find business people willing to loan money, 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

A Company That Helps Entrepreneurs

Find an SBA Lender in New York City, New York

Getting a Business Loan in New York