California Entrepreneur Secures Financing to Buy Denny's Restaurant Franchise

Borrowing money to purchase a Denny's Restaurant franchise? Banco Popular North America has a history of making these loans and they are guaranteed by the SBA.

If you live near Sherman Oaks, California and are interested in buying a Denny's Restaurant franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2003 by Banco Popular North America. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

MARWAHA RESTAURANTS INC
SHERMAN OAKS, CA 91411

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

722211 - Limited-Service Restaurants

Loan Approval Date

5/6/2003

Loan Approval Gross Amount

$1,256,000

Loan Approval from the SBA

Of the total $1,256,000 loan amount, the SBA guaranteed $502,400.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Denny's Restaurant franchise. At the time of the loan, the company had 4 employees. The SBA loan documents indicated that the loan would help generate 14 new jobs and retain 20 existing jobs.

Next Steps for Getting an SBA Loan

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

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.

Related Links:

Denny's Inc.

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New York SBA Bank Lenders