Borrow Money to Buy a Great Steak And Potato Company the Franchise
Borrowing money to buy a Great Steak And Potato Company the franchise? Banco Popular North America has a history of making these loans and they are guaranteed by the SBA.
Great Steak And Potato Company the franchise loans are available to Calumet City (pu Rr Name Calum, Illinois 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 Great Steak And Potato Company the franchise in 2004. We've got all the details on this Illinois small business loan.
SBA Loan Borrower
THE GREAT STEAK & POTATO
CALUMET CITY (PU RR NAME CALUM, IL 60409
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
722211 - Limited-Service Restaurants
Loan Approval Date
11/18/2004
Loan Approval Gross Amount
$225,700
Loan Approval from the SBA
Of the total $225,700 loan amount, the SBA guaranteed $169,275.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. This loan was used to buy a Great Steak And Potato Company the franchise. At the time of the loan, the company
had 6 employees. The loan application indicated that the loan would help retain 6 existing jobs.
Next Steps for Getting an SBA Loan
SBA loans provide smart, affordable business financing for small businesses looking to expand.
Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Banco Popular North America and they will explain how you can get an SBA loan for your company.
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.
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