Paragould, AR Entrepreneur Gets SBA Loan to Buy Long John Silver's Franchise

Need a loan to buy a Long John Silver's franchise? Banco Popular North America has a history of making these loans and they are guaranteed by the SBA.

Long John Silver's franchise loans are available to Paragould, Arkansas 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 Long John Silver's franchise in 2007. We've got all the details on this Arkansas small business loan.

SBA Loan Borrower

LONG JOHN SILVERS / A & W
PARAGOULD, AR 72450

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.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

3/29/2007

Loan Approval Gross Amount

$1,087,500

Loan Approval from the SBA

Of the total $1,087,500 loan amount, the SBA guaranteed $815,625.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Long John Silver's franchise. At the time of the loan, the company had 30 employees. This SBA loan request indicated that the loan would help retain 30 existing jobs.

Getting an SBA Loan For Your Business

If you want money for new small business in Paragould AR, you ought to talk with a local Paragould SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Paragould businesses.

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.

Related Links:

Long John Silver's Restaurants, Inc.

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