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December 19, 2024 |
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| Home > Small Business Lenders by State > New York Business Loan Sources > New York City, Business Loans > Banco Popular North America New York City Business Loans > Apricot Lane Loan | ||||
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Banco Popular North America Small Business Franchise Loan
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Loan to Buy Country Clutter bed & Breakfast Franchise Issued By Banco Popular North AmericaNeed a loan to purchase a Country Clutter bed & Breakfast franchise? Banco Popular North America has a history of making these loans and they are guaranteed by the SBA. Country Clutter bed & Breakfast franchise loans are available to Southampton, New York entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Banco Popular North America, based in New York City, New York, issued an SBA franchise loan for a Country Clutter bed & Breakfast franchise in 2007. We've got all the details on this New York small business loan. SBA Loan Borrower APRICOT LANE SBA Loan Lender BANCO POPULAR NORTH AMERICA This lender provides SBA guaranteed business 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 453998 - Store Retailers Loan Approval Date 6/5/2007 Loan Approval Gross Amount $179,600 Loan Approval from the SBA Of the total $179,600 loan amount, the SBA guaranteed $134,700. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Country Clutter bed & Breakfast franchise. At the time of the loan, the company had 2 employees. The SBA loan documents indicated that the loan would help generate 5 new jobs and retain 2 existing jobs. Great, But How Can I Get an SBA Loan for My Business? SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses. 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: Obtaining Funding - Getting Venture Capital SBA 7A Lenders in New York City, New York Find an SBA Lender in New York
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