Banco Popular North America Provides SBA Loan to Buy Premier Rental Purchase Franchise

Borrowing money to purchase a Premier Rental Purchase franchise? Banco Popular North America has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Premier Rental Purchase franchise requires some effort but others before you have been successful. In 2007, Banco Popular North America issued an SBA franchise loan to an entrepreneur in Roanoke, Virginia. Because Premier Rental Purchase was registered with the SBA's registry of franchises, this Virginia small business loan was issued on an expedited basis.

SBA Loan Borrower

PREMIER RENTAL PURCHASE
ROANOKE, VA 24012

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

532299 - Consumer Goods Rental

Loan Approval Date

9/20/2007

Loan Approval Gross Amount

$482,200

Loan Approval from the SBA

Of the total $482,200 loan amount, the SBA guaranteed $361,650.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Premier Rental Purchase franchise. At the time of the loan, the company had only one employee. The loan application indicated that the loan would help generate 3 new jobs and retain 1 existing job.

Start the Process for Getting an SBA Loan Today!

If you need money to start business in Roanoke VA, you ought to talk with a local Roanoke SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Roanoke businesses.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $482,200 loan. Remember, things become real when you believe you can achieve them!

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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