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May 15, 2024 |
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| Home > Small Business Lenders by State > Michigan Business Loan Sources > New York City, Business Loans > Banco Popular North America New York City Business Loans > Commercial Lithographic Printing Loan | ||||
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Banco Popular North America
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SBA Loan from Banco Popular North America Helps Commercial Lithographic Printing CompanyBanco Popular North America has a track record as a leading provider of SBA loans. Find out how this Michigan entrepreneur received an SBA loan from them. Getting a small business loan in Battle Creek, Michigan was an essential business goal for this firm back in 2006 and, based on their loan application, they were successful in getting an SBA loan from Banco Popular North America, operating out of New York City, New York. Here are the details on this Michigan small business loan. SBA Loan Borrower COMPANY TYPE: COMMERCIAL LITHOGRAPHIC PRINTING SBA Loan Lender BANCO POPULAR NORTH AMERICA 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 323110 - Commercial Lithographic Printing Loan Approval Date 9/19/2006 Loan Approval Gross Amount $1,560,000 Loan Approval from the SBA Of the total $1,560,000 loan amount, the SBA guaranteed $846,000. 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 27 employees. The loan application indicated that the loan would help retain 27 existing jobs. Getting an SBA Loan For Your 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. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $1,560,000 loan. Remember, anyone can do it... so why not 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. Related Links: Best Banks in New York City, New York Getting an SBA Loan in New York
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