Loan Census Banking News and Information
December 21, 2024  
 
 
  Business Loan Information  
 

Banco Popular North America

 

 
Loan Census SBA Loan Info

Banco Popular North America SBA Loan to Beer, Wine, And Liquor Stores Company

An SBA loan from Banco Popular North America typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Kissimmee, Florida business owner got a $247,300 loan.

This growing company knew how to go about getting a business bank loan. Based in Kissimmee, Florida, they applied for and received an SBA-guaranteed loan in 2005. The lending bank was Banco Popular North America, based in New York City, New York.

SBA Loan Borrower

COMPANY TYPE: BEER, WINE, AND LIQUOR STORES
KISSIMMEE, FL 34744

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

445310 - Beer, Wine, and Liquor Stores

Loan Approval Date

4/27/2005

Loan Approval Gross Amount

$247,300

Loan Approval from the SBA

Of the total $247,300 loan amount, the SBA guaranteed $185,475.

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. The SBA loan application for the borrower indicated that the loan would help retain 2 existing jobs.

Start the Process for Getting an SBA Loan Today!

If you are raising money in Kissimmee FL, you ought to talk with a local Kissimmee SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Kissimmee businesses.

This company got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer 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.

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