Sanford, Florida Entrepreneur Gets a Small Business Loan
Business loans in Florida are tough to come by these days. We take a look at one Florida business loan, provided by a New York bank, that was approved by the SBA.
Getting a small business loan in Sanford, Florida was a top priority for this SBA-financed company back in 2004 and, based on their loan application, they were successful in getting an SBA loan from Banco Popular North America. Here are the details on this Florida small business loan.
SBA Loan Borrower
COMPANY TYPE: DENTISTS
SANFORD, FL 32773
SBA Loan Lender
BANCO POPULAR NORTH AMERICA
7 W 51ST ST, BETWEEN 5TH & 6T
NEW YORK CITY, NY 10019
This lender provides SBA bank loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
621210 - Dentists
Loan Approval Date
8/3/2004
Loan Approval Gross Amount
$303,000
Loan Approval from the SBA
Of the total $303,000 loan amount, the SBA guaranteed $227,250.
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 9 employees. This SBA loan request indicated that the loan would help generate 1 new job and retain 8 existing jobs.
Next Steps for Getting an SBA Loan
The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.
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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