Business Loan from Banco Popular North America Given to Physicians 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, an Oak Island Junction, New Jersey business owner got a $206,500 loan.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Oak Island Junction, New Jersey was able to borrow $206,500 from Banco Popular North America. The SBA made the loan possible by guaranteeing $154,875 of this New Jersey small business loan.

SBA Loan Borrower

COMPANY TYPE: PHYSICIANS
OAK ISLAND JUNCTION, NJ 07050

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

621111 - Physicians

Loan Approval Date

12/18/2002

Loan Approval Gross Amount

$206,500

Loan Approval from the SBA

Of the total $206,500 loan amount, the SBA guaranteed $154,875.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 5 employees. This SBA loan request indicated that the loan would help generate 1 new job and retain 5 existing jobs.

Getting an SBA Loan For Your Business

If you are raising money in Oak Island Junction NJ, you ought to talk with a local Oak Island Junction SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Oak Island Junction 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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