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April 24, 2024 |
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| Home > Small Business Lenders by State > Massachusetts Business Loan Sources > New York City, Business Loans > Banco Popular North America New York City Business Loans > Personal Services Loan | ||||
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Banks Doing SBA Loans in New York
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New York City, New York Bank Gives SBA Loan to Personal Services CompanyWant to talk with a New York City, New York bank about a business loan? Here's one Massachusetts 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 Newton, Massachusetts. The business was able to get an SBA loan for $527,700. Awesome! SBA Loan Borrower COMPANY TYPE: PERSONAL SERVICES SBA Loan Lender BANCO POPULAR NORTH AMERICA As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 812990 - Personal Services Loan Approval Date 2/15/2008 Loan Approval Gross Amount $527,700 Loan Approval from the SBA Of the total $527,700 loan amount, the SBA guaranteed $395,775. 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 16 employees. The SBA loan application for the borrower indicated that the loan would help retain 16 existing jobs. Great, But How Can I Get an SBA Loan for My Business? If you are wondering how to find money to start a business or need money for an existing business, an SBA loan can be a great funding source This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. 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: Obtaining Funding - Getting Venture Capital Small Bank Loans in New York City, New York
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