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May 3, 2024 |
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| Home > Small Business Lenders by State > Pennsylvania Business Loan Sources > New York City, Business Loans > Banco Popular North America New York City Business Loans > Dougherty's Original Culinary Loan | ||||
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Pottstown, Pennsylvania Bank Loan
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Loan to Buy Villa Pizza Franchise Issued By Banco Popular North AmericaBorrowing money to purchase a Villa Pizza franchise? Banco Popular North America has a history of making these loans and they are guaranteed by the SBA. Villa Pizza franchise loans are available to Pottstown, Pennsylvania 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 Villa Pizza franchise in 2007. We've got all the details on this Pennsylvania small business loan. SBA Loan Borrower DOUGHERTY'S ORIGINAL CULINARY 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 11/20/2007 Loan Approval Gross Amount $381,900 Loan Approval from the SBA Of the total $381,900 loan amount, the SBA guaranteed $286,425. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Villa Pizza franchise. At the time of the loan, the company had 2 employees. The loan application indicated that the loan would help generate 8 new jobs and retain 2 existing jobs. Getting an SBA Loan For Your Business SBA loans provide smart, affordable business financing for small businesses looking to expand. 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: Obtaining Funding - How to Decide How Much to Raise Good Banks for Small Business in New York City, New York
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