SBA Loans for Nonscheduled Air Transportation

With these SBA loans for nonscheduled air transportation, the SBA guarantees the lender that the loan will be repaid. This nonscheduled air transportation loan for $983,000 was given to a Washington entrepreneur in 2006.

This small business knew how to go about getting a business bank loan. Based in Tukwila, Washington, they applied for and were awarded an SBA-guaranteed loan in 2006. The lending bank was Banco Popular North America, based in New York City, New York.

SBA Loan Borrower

COMPANY TYPE: NONSCHEDULED AIR TRANSPORTATION
TUKWILA, WA 98188

SBA Loan Lender

BANCO POPULAR NORTH AMERICA
7 W 51ST ST, BETWEEN 5TH & 6T
NEW YORK CITY, NY 10019

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

481219 - Nonscheduled Air Transportation

Loan Approval Date

11/28/2006

Loan Approval Gross Amount

$983,000

Loan Approval from the SBA

Of the total $983,000 loan amount, the SBA guaranteed $737,250.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 4 employees. The SBA loan application for the borrower indicated that the loan would help retain 4 existing jobs.

Next Steps for Getting an SBA Loan

If you are wondering how to raise money for a business in Tukwila WA, you ought to talk with a local Tukwila SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Tukwila businesses.

This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? Maybe you need money to buy a business? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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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