Loan Census Banking News and Information
March 29, 2024  
 
 
  Business Loan Information  
 

Anchorage, Alaska Bank for SBA Loans

 

 
Loan Census SBA Loan Info

Anchorage, AK Entrepreneur Gets SBA Loan to Buy Popeye's Famous Fried Chicken Franchise

Need money to buy a Popeye's Famous Fried Chicken franchise? Northrim Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Anchorage, Alaska needed money to invest in a Popeye's Famous Fried Chicken franchise back in 2005. Northrim Bank issued an SBA franchise loan. Here are the details on this Alaska small business loan.

SBA Loan Borrower

POPEYE'S CHICKEN
ANCHORAGE, AK 99508

SBA Loan Lender

NORTHRIM BANK
3111 'C' ST
ANCHORAGE, AK 99503

This lender issued this business loan under the SBA's 7A loan, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

8/3/2005

Loan Approval Gross Amount

$700,000

Loan Approval from the SBA

Of the total $700,000 loan amount, the SBA guaranteed $525,000.

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 40 employees. The SBA loan documents did not indicate that the business planned to use the funding to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans provide money to small business owners for working capital for other expenses.

We've showcased information on this loan to let you know that businesses like yours 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.

Related Links:

Popeyes Chicken & Biscuits

Advice on Getting a Small Business Loan

Where to Get an SBA Loan in Anchorage, Alaska

Alaska SBA 7A Lenders