Loan to Buy Au Bon Pain Compnay,Inc. Franchise Issued By Banco Popular North America

Borrowing money to invest in an Au Bon Pain Compnay,Inc. franchise? Banco Popular North America has a history of making these loans and they are guaranteed by the SBA.

If you live near Miami, Florida and are interested in buying an Au Bon Pain Compnay,Inc. franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2002 by Banco Popular North America. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

BREAD PARTNERS LTD
777 NW 72ND AVENUE
MIAMI, FL 33126

SBA Loan Lender

BANCO POPULAR NORTH AMERICA
7 W 51ST ST, BETWEEN 5TH & 6T
NEW YORK CITY, NY 10019

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

3/15/2002

Loan Approval Gross Amount

$520,000

Loan Approval from the SBA

Of the total $520,000 loan amount, the SBA guaranteed $390,000.

More Information on This SBA Loan

The borrower, Bread Partners Ltd, borrowed this money for a new business. This loan was used to buy an Au Bon Pain Compnay,Inc. franchise. At the time of the loan, the company had 26 employees. The SBA loan documents indicated that the loan would help retain 26 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

Don't apply for a loan directly with the SBA. You need to apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

We can help you find the best banks for small businesses in Miami or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

About This SBA Loan Information:

All SBA loan data displayed above comes from the government's SBA loan database.

Related Links:

Au Bon Pain

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