Waldorf, MD Entrepreneur Gets SBA Loan to Buy Dinner A'Fare the Franchise

Borrowing money to invest in a Dinner A'Fare the franchise? Banco Popular North America has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Dinner A'Fare the franchise requires some effort but others before you have been successful. In 2007, Banco Popular North America issued an SBA franchise loan to an entrepreneur in Waldorf, Maryland. Because Dinner A'Fare the was registered with the SBA's registry of franchises, this Maryland small business loan was issued on an expedited basis.

SBA Loan Borrower

THE DINNER A'FARE
WALDORF, MD 20603

SBA Loan Lender

BANCO POPULAR NORTH AMERICA
7 W 51ST ST, BETWEEN 5TH & 6T
NEW YORK CITY, NY 10019

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

311991 - Perishable Prepared Food Manufacturing

Loan Approval Date

2/16/2007

Loan Approval Gross Amount

$176,400

Loan Approval from the SBA

Of the total $176,400 loan amount, the SBA guaranteed $132,300.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Dinner A'Fare the franchise. At the time of the loan, the company had 2 employees. This SBA loan request indicated that the loan would help generate 2 new jobs and retain 4 existing jobs.

Next Steps for Getting an SBA Loan

Every year, the SBA guarantees over $10 billion for loans just like this one.

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 $176,400 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:

Famous Venture Capitalists

Small Bank Loans in New York City, New York

SBA New York Lenders