Weehawken (township Of), NJ Entrepreneur Gets SBA Loan to Buy Fuddrucker's Franchise

Need a loan to invest in a Fuddrucker's franchise? Banco Popular North America has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Weehawken (township Of), New Jersey needed money to invest in a Fuddrucker's franchise back in 2007. Banco Popular North America issued an SBA franchise loan. Here are the details on this New Jersey small business loan.

SBA Loan Borrower

FUDDRUCKERS
WEEHAWKEN (TOWNSHIP OF), NJ 07093

SBA Loan Lender

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

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

3/2/2007

Loan Approval Gross Amount

$25,000

Loan Approval from the SBA

Of the total $25,000 loan amount, the SBA guaranteed $12,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Fuddrucker's franchise. At the time of the loan, the company had only one employee. The loan application indicated that the loan would help generate 19 new jobs and retain 20 existing jobs.

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

If you need money to start business in Weehawken (township Of) NJ, you ought to talk with a local Weehawken (township Of) SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Weehawken (township Of) businesses.

This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? Maybe you need money to buy a business? Regardless of why you need money, guaranteed SBA loans may be the right answer for 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:

Fuddruckers, Inc.

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Small Bank Loans in New York City, New York

New York SBA Banks