New York City, New York Bank Gives SBA Loan to Fresh Fruit And Vegetable Merchant Wholesalers Company

Thinking about meeting with a New York City, New York bank about a business loan? Here's one California business loan, issued by a New York City bank, that was approved by the SBA.

Applying for an SBA loan with Banco Popular North America worked out well for our friends at one local firm in Glendale, California. The business was able to get an SBA loan for $100,000. Awesome!

SBA Loan Borrower

COMPANY TYPE: FRESH FRUIT AND VEGETABLE MERCHANT WHOLESALERS
GLENDALE, CA 91204

SBA Loan Lender

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

The lender provided this business loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

424480 - Fresh Fruit and Vegetable Merchant Wholesalers

Loan Approval Date

5/4/2006

Loan Approval Gross Amount

$100,000

Loan Approval from the SBA

Of the total $100,000 loan amount, the SBA guaranteed $50,000.

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 2 employees. The SBA loan documents indicated that the loan would help retain 2 existing jobs.

Getting an SBA Loan For Your Business

If you need business start up money in Glendale CA, you ought to talk with a local Glendale SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Glendale businesses.

We can help you find the best banks for small businesses in Glendale or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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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