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November 21, 2024 |
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| Home > Small Business Lenders by State > New Jersey Business Loan Sources > New York City, Business Loans > Banco Popular North America New York City Business Loans > Store Retailers Loan | ||||
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SBA Lenders for Andover, New Jersey Businesses
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Borrowing Money for Store RetailersLooking for bank loans for store retailers? Talk to a banker who works with the SBA. This $1,753,000 store retailers loan was issued by a New York bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Andover, New Jersey was able to borrow $1,753,000 from Banco Popular North America. The SBA made the loan possible by guaranteeing $1,314,750 of this New Jersey small business loan. SBA Loan Borrower COMPANY TYPE: STORE RETAILERS SBA Loan Lender BANCO POPULAR NORTH AMERICA As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 453998 - Store Retailers Loan Approval Date 7/27/2006 Loan Approval Gross Amount $1,753,000 Loan Approval from the SBA Of the total $1,753,000 loan amount, the SBA guaranteed $1,314,750. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 21 employees. The loan application indicated that the loan would help generate 9 new jobs and retain 30 existing jobs. Start the Process for Getting an SBA Loan Today! The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Banco Popular North America are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you. 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: Banking Deregulation's Effects on Entrepreneurship Find an SBA Lender in New York City, New York
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