 |
 |
December 22, 2024 |
|
|
|
|
||
| Home > Small Business Lenders by State > California Business Loan Sources > New York City, Business Loans > Banco Popular North America New York City Business Loans > Automotive Repair And Maintenance Loan | ||||
 |
||||
Raising Money in Sacramento, California With SBA Loans
|
||||
 |
Automotive Repair and Maintenance SBA LoansLooking for SBA loans for automotive repair and maintenance? Try the SBA. This $10,000 automotive repair and maintenance loan was issued by a New York bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Sacramento, California was able to borrow $10,000 from Banco Popular North America. The SBA made the loan possible by guaranteeing $5,000 of this California small business loan. SBA Loan Borrower COMPANY TYPE: AUTOMOTIVE REPAIR AND MAINTENANCE SBA Loan Lender BANCO POPULAR NORTH AMERICA This lender processed this SBA business loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 811198 - Automotive Repair and Maintenance Loan Approval Date 10/4/2004 Loan Approval Gross Amount $10,000 Loan Approval from the SBA Of the total $10,000 loan amount, the SBA guaranteed $5,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 7 employees. The SBA loan application for the borrower indicated that the loan would help generate 1 new job and retain 7 existing jobs. Start the Process for Getting an SBA Loan Today! SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Banco Popular North America and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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 Participating Banks in New York City, New York
|
|
||
|
||||
|
|
||||