Banco Popular North America Provides SBA Loan to Buy Remax Franchise

Borrowing money to buy a Remax franchise? Banco Popular North America has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Bell Gardens, California needed money to invest in a Remax franchise back in 2006. Banco Popular North America issued an SBA franchise loan. Here are the details on this California small business loan.

SBA Loan Borrower

REMAX VIP
BELL GARDENS, CA 90201

SBA Loan Lender

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

This lender provides SBA commercial loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

531210 - Real Estate Agents and Brokers

Loan Approval Date

3/17/2006

Loan Approval Gross Amount

$1,342,000

Loan Approval from the SBA

Of the total $1,342,000 loan amount, the SBA guaranteed $1,006,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Remax franchise. At the time of the loan, the company had 31 employees. This SBA loan request indicated that the loan would help generate 69 new jobs and retain 31 existing jobs.

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

SBA loans provide smart, affordable business financing for small businesses looking to expand.

While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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.

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