Sunnyvale, CA Entrepreneur Gets SBA Loan to Buy El Pollo Loco Franchise

Borrowing money to invest in an El Pollo Loco franchise? Greater Bay Bank has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy an El Pollo Loco franchise? If so, here's a 2004 SBA franchise loan that you should know about. Greater Bay Bank was the lender and the entrepreneur was based in Sunnyvale, California.

SBA Loan Borrower

NOR CAL EL POLLO LOCO
SUNNYVALE, CA 94086

SBA Loan Lender

GREATER BAY BANK
420 COWPER ST
PALO ALTO, CA 94301

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

7/23/2004

Loan Approval Gross Amount

$1,050,000

Loan Approval from the SBA

Of the total $1,050,000 loan amount, the SBA guaranteed $787,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy an El Pollo Loco franchise. At the time of the loan, the company had 35 employees. The SBA loan documents indicated that the loan would help retain 35 existing jobs.

Getting an SBA Loan For Your Business

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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:

El Pollo Loco, Inc.

Choosing VC Firms

SBA Banks in Palo Alto, California

California SBA 7A Banks