Banco Popular North America Provides SBA Loan to Buy Foot Solutions Franchise

Need 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.

Getting money to buy a Foot Solutions franchise shouldn't be too tough. In 2006, Banco Popular North America issued an SBA franchise loan to an entrepreneur in Oro Valley, Arizona. Because Foot Solutions was registered with the SBA's registry of franchises, this Arizona small business loan was issued on an expedited basis.

SBA Loan Borrower

FOOT SOLUTIONS
ORO VALLEY, AZ 85704

SBA Loan Lender

BANCO POPULAR NORTH AMERICA
7 W 51ST ST, BETWEEN 5TH & 6T
NEW YORK CITY, NY 10019

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

448210 - Shoe Stores

Loan Approval Date

12/12/2006

Loan Approval Gross Amount

$239,500

Loan Approval from the SBA

Of the total $239,500 loan amount, the SBA guaranteed $179,625.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Foot Solutions franchise. At the time of the loan, the company had 3 employees. The SBA loan documents indicated that the loan would help generate 1 new job and retain 4 existing jobs.

Next Steps for Getting an SBA Loan

If you need money to start a business or need money for an existing business, an SBA loan can be a great funding source

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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