Kalispell, MT Entrepreneur Gets SBA Loan to Buy Sizzler Family Steakhouse Franchise

Need money to buy a Sizzler Family Steakhouse franchise? Banco Popular North America has a history of making these loans and they are guaranteed by the SBA.

Sizzler Family Steakhouse franchise loans are available to Kalispell, Montana entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Banco Popular North America, based in New York City, New York, issued an SBA franchise loan for a Sizzler Family Steakhouse franchise in 2005. We've got all the details on this Montana small business loan.

SBA Loan Borrower

KENNEDY ADVENTURE, LLC
KALISPELL, MT 59901

SBA Loan Lender

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

This lender provides SBA guaranteed bank 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

12/23/2005

Loan Approval Gross Amount

$1,680,000

Loan Approval from the SBA

Of the total $1,680,000 loan amount, the SBA guaranteed $1,260,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Sizzler Family Steakhouse franchise. At the time of the loan, the company had 40 employees. The loan application indicated that the loan would help retain 40 existing jobs.

Getting an SBA Loan For Your Business

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

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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:

Sizzler USA

Accountant's Role in Securing Financing

SBA Banks in New York City, New York

New York SBA 7A Banks