District of Columbia Entrepreneur Secures Financing to Buy Oxxo Care Cleaners Franchise

Borrowing money to invest in an Oxxo Care Cleaners franchise? Banco Popular North America has a history of making these loans and they are guaranteed by the SBA.

If you live near Washington, District of Columbia and are interested in buying an Oxxo Care Cleaners franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2006 by Banco Popular North America. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

OXXO CARE CLEANER
WASHINGTON, DC 20020

SBA Loan Lender

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

This lender provides SBA guaranteed 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

812320 - Drycleaning and Laundry Services

Loan Approval Date

4/18/2006

Loan Approval Gross Amount

$349,500

Loan Approval from the SBA

Of the total $349,500 loan amount, the SBA guaranteed $262,125.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy an Oxxo Care Cleaners franchise. At the time of the loan, the company had 2 employees. The loan application indicated that the loan would help generate 4 new jobs and retain 6 existing jobs.

Getting an SBA Loan For Your Business

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.

Related Links:

Oxxo Care Cleaners

How to Raise Money

Small Business Banks in New York City, New York

New York SBA Bank Lenders