Banco Popular North America Provides SBA Loan to Buy Planet Beach Franchise

Need money to buy a Planet Beach franchise? Banco Popular North America has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Riverview, Florida needed money to invest in a Planet Beach franchise back in 2007. Banco Popular North America issued an SBA franchise loan. Here are the details on this Florida small business loan.

SBA Loan Borrower

PLANET BEACH TANNING SALON
RIVERVIEW, FL 33589

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

812990 - Personal Services

Loan Approval Date

7/30/2007

Loan Approval Gross Amount

$391,600

Loan Approval from the SBA

Of the total $391,600 loan amount, the SBA guaranteed $293,700.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Planet Beach franchise. At the time of the loan, the company had only one employee. The SBA loan application for the borrower indicated that the loan would help generate 2 new jobs and retain 3 existing jobs.

Next Steps for Getting an SBA Loan

SBA loans provide smart, affordable business financing for small businesses looking to expand.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Banco Popular North America had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Banco Popular North America made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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:

Planet Beach Tanning Spa

Banking Deregulation's Effects on Entrepreneurship

Where to Get an SBA Loan in New York City, New York

New York SBA 7A Lenders