Banco Popular North America Provides SBA Loan to Buy Papa Murphy's Take & Bake Pizza Franchise

Borrowing money to buy a Papa Murphy's Take & Bake Pizza franchise? Banco Popular North America has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Papa Murphy's Take & Bake Pizza franchise? If so, here's a 2007 SBA franchise loan that you should know about. Banco Popular North America was the lender and the entrepreneur was based in Sparks, Nevada.

SBA Loan Borrower

PAPA MURPHY'S TAKE "N" BAKE PI
SPARKS, NV 89431

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

1/11/2007

Loan Approval Gross Amount

$267,800

Loan Approval from the SBA

Of the total $267,800 loan amount, the SBA guaranteed $200,850.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Papa Murphy's Take & Bake Pizza franchise. At the time of the loan, the company had 10 employees. The SBA loan documents indicated that the loan would help retain 9 existing jobs.

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

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $267,800 loan. Remember, anyone can do it... so why not you?

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:

Business Line of Credit

Small Business Banks in New York City, New York

Getting an SBA Loan in New York