Irwin Franchise Cap. Corp Provides SBA Loan to Buy Popeye's Famous Fried Chicken Franchise
Need money to buy a Popeye's Famous Fried Chicken franchise? Irwin Franchise Cap. Corp has a history of making these loans and they are guaranteed by the SBA.
Getting money to buy a Popeye's Famous Fried Chicken franchise shouldn't be overly burdensome. In 2007, Irwin Franchise Cap. Corp issued an SBA franchise loan to an entrepreneur in Tucson, Arizona. Because Popeye's Famous Fried Chicken was registered with the SBA's registry of franchises, this Arizona small business loan was issued on an expedited basis.
SBA Loan Borrower
POPEYE'S CHICKEN
TUCSON, AZ 85710
SBA Loan Lender
IRWIN FRANCHISE CAP. CORP
10 PARAGON DR
MONTVALE, NJ 07645
This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.
SBA Loan Program Type
This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.
NAICS Code
722211 - Limited-Service Restaurants
Loan Approval Date
1/5/2007
Loan Approval Gross Amount
$250,000
Loan Approval from the SBA
Of the total $250,000 loan amount, the SBA guaranteed $125,000.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. This loan was used to buy a Popeye's Famous Fried Chicken franchise. At the time of the loan, the company
had 15 employees. This SBA loan request indicated that the loan would help generate 5 new jobs and retain 20 existing jobs.
Start the Process for Getting an SBA Loan Today!
SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.
While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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.
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