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May 4, 2024 |
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| Home > Small Business Lenders by State > Virginia Business Loan Sources > Westmont, Business Loans > Banco Popular North America Westmont Business Loans > Power Laundries, Family And Commercial Loan | ||||
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Westmont Lenders
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Westmont, Illinois Bank Gives SBA Loan to Power Laundries, Family And Commercial CompanyFind Westmont, Illinois banks that specialize in small business loans and know how to work with entrepreneurs. Banco Popular North America is one such bank, as evidenced by this SBA loan to one business. Finding a small business loan in Midlothian, Virginia starts with an understanding of who else has gotten loans in the area. In this case, a local firm received funding from Banco Popular North America. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed. SBA Loan Borrower COMPANY TYPE: POWER LAUNDRIES, FAMILY AND COMMERCIAL SBA Loan Lender BANCO POPULAR NORTH AMERICA The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide small business loans to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7211 - Power Laundries, Family and Commercial NAICS Code 812320 - Drycleaning and Laundry Services Loan Approval Date 3/4/2005 Loan Approval Gross Amount $405,700 Loan Approval from the SBA Of the total $405,700 loan amount, the SBA guaranteed $304,275. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 9 employees. The SBA loan application for the borrower did not indicate that the small business planned to use the loan proceeds to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses. This SBA loan was for $405,700. How would you spend $405,700 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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: Dealing With Venture Capitalists
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