Loan to Buy Schakolad Chocolate Factory Franchise Issued By Banco Popular North America

Need a loan to purchase a Schakolad Chocolate Factory franchise? Banco Popular North America has a history of making these loans and they are guaranteed by the SBA.

Schakolad Chocolate Factory franchise loans are available to Winter Park, Florida entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Banco Popular North America, based in New York City, New York, issued an SBA franchise loan for a Schakolad Chocolate Factory franchise in 2003. We've got all the details on this Florida small business loan.

SBA Loan Borrower

SCHAKOLAD CHOCOLATE FACTORY
WINTER PARK, FL 32789

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

311330 - Confectionery Manufacturing from Purchased Chocolate

Loan Approval Date

11/20/2003

Loan Approval Gross Amount

$249,600

Loan Approval from the SBA

Of the total $249,600 loan amount, the SBA guaranteed $187,200.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Schakolad Chocolate Factory franchise. At the time of the loan, the company had 2 employees. The loan application indicated that the loan would help generate 2 new jobs and retain 2 existing jobs.

Start the Process for Getting an SBA Loan Today!

If you need money to start a business or need money to grow a business, an SBA loan can be a great source of funding.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Banco Popular North America and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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:

Schakolad Chocolate Factory

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Small Business Banks in New York City, New York

SBA Participating Banks in New York