Business Loan from Banco Popular North America Given to Employment Agencies Company

Banco Popular North America has a track record as a leading provider of SBA loans. Find out how this Illinois entrepreneur received an SBA loan from them.

This growing company received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with Banco Popular North America, out of Aurora, Illinois. The loan was granted and they received $100,000 to help grow their Gurnee, Illinois business.

SBA Loan Borrower

COMPANY TYPE: EMPLOYMENT AGENCIES
GURNEE, IL 60031

SBA Loan Lender

BANCO POPULAR NORTH AMERICA
2 S BROADWAY
AURORA, IL 60505

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7361 - Employment Agencies

NAICS Code

541612 - Human Resources Consulting Services

Loan Approval Date

7/8/2002

Loan Approval Gross Amount

$100,000

Loan Approval from the SBA

Of the total $100,000 loan amount, the SBA guaranteed $85,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 2 employees. This SBA loan request did not indicate that the business promised to use the money to hire new employees or retain any existing employees.

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

If you have been wondering how do i get money to start a business in Gurnee IL, you ought to talk with a local Gurnee SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Gurnee businesses.

We've showcased information on this loan to let you know that businesses like yours 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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