Entrepreneur Works With New York City, New York Bank to Get an SBA Loan
Thinking about meeting with a New York City, New York bank about an SBA loan? Here's one Florida business loan, issued by a New York City bank, that was approved by the SBA.
Applying for an SBA loan with Banco Popular North America worked out well for our friends at one local firm in Orlando, Florida. They got an SBA loan for $162,700. Great job!
SBA Loan Borrower
COMPANY TYPE: BEAUTY SALONS
ORLANDO, FL 32809
SBA Loan Lender
BANCO POPULAR NORTH AMERICA
7 W 51ST ST, BETWEEN 5TH & 6T
NEW YORK CITY, NY 10019
This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
812112 - Beauty Salons
Loan Approval Date
10/11/2006
Loan Approval Gross Amount
$162,700
Loan Approval from the SBA
Of the total $162,700 loan amount, the SBA guaranteed $122,025.
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 8 employees. The SBA loan application for the borrower indicated that the loan would help generate 2 new jobs and retain 10 existing jobs.
Next Steps for Getting an SBA Loan
SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.
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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