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May 16, 2024 |
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| Home > Small Business Lenders by State > North Carolina Business Loan Sources > New York City, Business Loans > Banco Popular North America New York City Business Loans > Domino's Pizza Loan | ||||
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Ayden, North Carolina Bank for SBA Loans
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Banco Popular North America Provides SBA Loan to Buy Domino's Pizza FranchiseBorrowing money to invest in a Domino's Pizza franchise? Banco Popular North America has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a Domino's Pizza franchise may simply require a phone call to a local SBA banker. In 2006, Banco Popular North America issued an SBA franchise loan to an entrepreneur in Ayden, North Carolina. Because Domino's Pizza was registered with the SBA's registry of franchises, this North Carolina small business loan was issued on an expedited basis. SBA Loan Borrower DOMINO'S PIZZA SBA Loan Lender BANCO POPULAR NORTH AMERICA 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 11/6/2006 Loan Approval Gross Amount $223,000 Loan Approval from the SBA Of the total $223,000 loan amount, the SBA guaranteed $167,250. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Domino's Pizza franchise. At the time of the loan, the company had 12 employees. The SBA loan documents indicated that the loan would help retain 12 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. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Banco Popular North America had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Banco Popular North America made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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: Borrowing Money from Friends and Family SBA 7A Banks for New York City, New York Loans Where to Get an SBA Loan New York
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