Opelika, AL Entrepreneur Gets SBA Loan to Buy Foot Solutions Franchise
Borrowing money to invest in a Foot Solutions franchise? Banco Popular North America has a history of making these loans and they are guaranteed by the SBA.
Foot Solutions franchise loans are available to Opelika, Alabama entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Banco Popular North America, based in New York City, New York, issued an SBA franchise loan for a Foot Solutions franchise in 2007. We've got all the details on this Alabama small business loan.
SBA Loan Borrower
FOOT SOLUTIONS
OPELIKA, AL 36801
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
448210 - Shoe Stores
Loan Approval Date
4/30/2007
Loan Approval Gross Amount
$199,000
Loan Approval from the SBA
Of the total $199,000 loan amount, the SBA guaranteed $149,250.
More Information on This SBA Loan
The borrower borrowed this money for a new business. This loan was used to buy a Foot Solutions franchise. At the time of the loan, the company
had 2 employees. The SBA loan documents indicated that the loan would help generate 1 new job and retain 2 existing jobs.
Getting an SBA Loan For Your Business
For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.
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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