Banco Popular North America Provides SBA Loan to Buy Ricky's Candy, Cones And Chaos Franchise

Borrowing money to buy a Ricky's Candy, Cones And Chaos franchise? Banco Popular North America has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Ricky's Candy, Cones And Chaos franchise may simply require a phone call to a local SBA banker. In 2008, Banco Popular North America issued an SBA franchise loan to an entrepreneur in Oceanside, New York. Because Ricky's Candy, Cones And Chaos was registered with the SBA's registry of franchises, this New York small business loan was issued on an expedited basis.

SBA Loan Borrower

RICKY'S CANDY CONES AND CHOAS
OCEANSIDE, NY 11572

SBA Loan Lender

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

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722213 - Snack and Nonalcoholic Beverage Bars

Loan Approval Date

2/8/2008

Loan Approval Gross Amount

$392,300

Loan Approval from the SBA

Of the total $392,300 loan amount, the SBA guaranteed $294,225.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Ricky's Candy, Cones And Chaos franchise. At the time of the loan, the company had only one employee. This SBA loan request indicated that the loan would help generate 4 new jobs and retain 1 existing job.

Next Steps for Getting an SBA Loan

Many small businesses receive loans backed by the U.S. Small Business Administration.

This SBA loan was for $392,300. How would you spend $392,300 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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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