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December 18, 2024 |
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| Home > Small Business Lenders by State > Virginia Business Loan Sources > Greenville, Business Loans > Transamerica Small Business Capita Greenville Business Loans > Popeyes Loan | ||||
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Business Loans for Norfolk Businesses
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Loan to Buy Popeye's Famous Fried Chicken Franchise Issued By Transamerica Small Business CapitaBorrowing money to buy a Popeye's Famous Fried Chicken franchise? Transamerica Small Business Capita has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Norfolk, Virginia needed money to invest in a Popeye's Famous Fried Chicken franchise back in 2000. Transamerica Small Business Capita issued an SBA franchise loan. Here are the details on this Virginia small business loan. SBA Loan Borrower POPEYES SBA Loan Lender TRANSAMERICA SMALL BUSINESS CAPITA 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. SIC Code 5812 - Eating Places NAICS Code 722110 - Full-Service Restaurants Loan Approval Date 1/13/2000 Loan Approval Gross Amount $395,000 Loan Approval from the SBA Of the total $395,000 loan amount, the SBA guaranteed $296,250. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Popeye's Famous Fried Chicken franchise. At the time of the loan, the company had 20 employees. This SBA loan request indicated that the loan would help generate 20 new jobs and retain 20 existing jobs. Next Steps for Getting an SBA Loan Although it's called an SBA loan, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from Transamerica Small Business Capita so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. 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: SBA 7A Banks for Greenville, South Carolina Loans
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