Banco Popular North America Provides SBA Loan to Buy Taco Bell Franchise

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

Getting money to buy a Taco Bell franchise requires some effort but others before you have been successful. In 2007, Banco Popular North America issued an SBA franchise loan to an entrepreneur in Indianapolis, Indiana. Because Taco Bell was registered with the SBA's registry of franchises, this Indiana small business loan was issued on an expedited basis.

SBA Loan Borrower

TACO BELL
INDIANAPOLIS, IN 48204

SBA Loan Lender

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

This lender provides SBA business 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

722211 - Limited-Service Restaurants

Loan Approval Date

6/11/2007

Loan Approval Gross Amount

$275,300

Loan Approval from the SBA

Of the total $275,300 loan amount, the SBA guaranteed $206,475.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Taco Bell franchise. At the time of the loan, the company had 95 employees. The loan application indicated that the loan would help generate 15 new jobs and retain 110 existing jobs.

Getting an SBA Loan For Your Business

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Banco Popular North America that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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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