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November 24, 2024 |
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| Home > Small Business Lenders by State > Florida Business Loan Sources > New York City, Business Loans > Banco Popular North America New York City Business Loans > Drycleaning And Laundry Services Loan | ||||
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SBA Lender New York City
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New York City, New York Bank Gives SBA Loan to Drycleaning And Laundry Services CompanyA New York City, New York SBA loan can be yours. Learn how a company got a $1,131,900 business loan from this New York bank. This loan to a local firm is a good example of an SBA loan. Banco Popular North America made the loan and the SBA guaranteed a portion of the loan. Many other Florida entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take. SBA Loan Borrower COMPANY TYPE: DRYCLEANING AND LAUNDRY SERVICES SBA Loan Lender BANCO POPULAR NORTH AMERICA 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 812320 - Drycleaning and Laundry Services Loan Approval Date 10/19/2007 Loan Approval Gross Amount $1,131,900 Loan Approval from the SBA Of the total $1,131,900 loan amount, the SBA guaranteed $848,925. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 3 employees. The SBA loan documents indicated that the loan would help generate 3 new jobs and retain 3 existing jobs. Next Steps for Getting an SBA Loan For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing. This SBA loan was for $1,131,900. How would you spend $1,131,900 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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. Related Links: Accountant's Role in Securing Financing SBA 7A Banks in New York City, New York Getting a Business Loan in New York
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