Loan to Buy Once Upon A Child Franchise Issued By Banco Popular North America

Need a loan to buy an Once Upon A Child franchise? Banco Popular North America has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy an Once Upon A Child franchise shouldn't be overly burdensome. In 2005, Banco Popular North America issued an SBA franchise loan to an entrepreneur in Pittsburgh, Pennsylvania. Because Once Upon A Child was registered with the SBA's registry of franchises, this Pennsylvania small business loan was issued on an expedited basis.

SBA Loan Borrower

ONCE UPON A CHILD
PITTSBURGH, PA 15205

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

448130 - Children's and Infants' Clothing Stores

Loan Approval Date

12/16/2005

Loan Approval Gross Amount

$188,300

Loan Approval from the SBA

Of the total $188,300 loan amount, the SBA guaranteed $141,225.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy an Once Upon A Child franchise. At the time of the loan, the company had only one employee. This SBA loan request indicated that the loan would help retain 1 existing job.

Next Steps for Getting an SBA Loan

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $188,300 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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:

Once Upon A Child

Direct Public Offerings

SBA 7A Lenders in New York City, New York

Where to Get an SBA Loan New York