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May 7, 2024 |
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| Home > Small Business Lenders by State > Pennsylvania Business Loan Sources > New York City, Business Loans > Banco Popular North America New York City Business Loans > Taxicabs Loan | ||||
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Business Loans for Philadelphia Small Businesses
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Bank Loans for Taxi ServiceWith these bank loans for taxi service, the SBA guarantees the lender that the loan will be repaid. This taxi service loan for $61,000 was given to a Pennsylvania entrepreneur in 2001. This small firm received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with Banco Popular North America, out of New York City, New York. The loan was granted and they received $61,000 to help grow their Philadelphia, Pennsylvania business. SBA Loan Borrower COMPANY TYPE: TAXICABS SBA Loan Lender BANCO POPULAR NORTH AMERICA This SBA small business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 4121 - Taxicabs NAICS Code 485310 - Taxi Service Loan Approval Date 12/19/2001 Loan Approval Gross Amount $61,000 Loan Approval from the SBA Of the total $61,000 loan amount, the SBA guaranteed $51,850. 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 only one employee. The SBA loan documents did not indicate that the company planned to use the funding to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans provide money to small business owners for working capital for other expenses. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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: Good Banks for Small Business in New York City, New York
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