Banco Popular North America Provides SBA Loan to Buy Tcby Franchise

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

Getting money to buy a Tcby franchise shouldn't be overly burdensome. In 2000, Banco Popular North America issued an SBA franchise loan to an entrepreneur in Orlando, Florida. Because Tcby was registered with the SBA's registry of franchises, this Florida small business loan was issued on an expedited basis.

SBA Loan Borrower

MRS. FIELDS COOKIES AND TCBY
ORLANDO, FL 32821

SBA Loan Lender

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

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

Loan Approval Date

5/15/2000

Loan Approval Gross Amount

$147,200

Loan Approval from the SBA

Of the total $147,200 loan amount, the SBA guaranteed $110,400.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Tcby franchise. At the time of the loan, the company had 4 employees. This SBA loan request indicated that the loan would help generate 3 new jobs and retain 1 existing job.

Great, But How Can I Get an SBA Loan for My Business?

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

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.

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