Banco Popular North America Provides SBA Loan to Buy Jump! Zone Franchise

Need a loan to invest in a Jump! Zone franchise? Banco Popular North America has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Crown Point, Indiana needed money to invest in a Jump! Zone franchise back in 2007. Banco Popular North America issued an SBA franchise loan. Here are the details on this Indiana small business loan.

SBA Loan Borrower

JUMPZONE
CROWN POINT, IN 46307

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

713990 - Amusement and Recreation Industries

Loan Approval Date

8/9/2007

Loan Approval Gross Amount

$189,700

Loan Approval from the SBA

Of the total $189,700 loan amount, the SBA guaranteed $142,275.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Jump! Zone franchise. At the time of the loan, the company had only one employee. The SBA loan documents indicated that the loan would help generate 4 new jobs and retain 1 existing job.

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

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

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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