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April 30, 2024 |
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| Home > Small Business Lenders by State > Ohio Business Loan Sources > New York City, Business Loans > Banco Popular North America New York City Business Loans > Pop A Lock Loan | ||||
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Reynoldsburg, Ohio Bank for SBA Loans
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Ohio Entrepreneur Secures Financing to Buy Pop A Lock FranchiseNeed a loan to invest in a Pop A Lock franchise? Banco Popular North America has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Reynoldsburg, Ohio needed money to invest in a Pop A Lock franchise back in 2007. Banco Popular North America issued an SBA franchise loan. Here are the details on this Ohio small business loan. SBA Loan Borrower POP A LOCK SBA Loan Lender BANCO POPULAR NORTH AMERICA This lender provides SBA business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 561622 - Locksmiths Loan Approval Date 11/30/2007 Loan Approval Gross Amount $522,000 Loan Approval from the SBA Of the total $522,000 loan amount, the SBA guaranteed $391,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Pop A Lock franchise. At the time of the loan, the company had 5 employees. The SBA loan application for the borrower indicated that the loan would help retain 5 existing jobs. Next Steps for Getting an SBA Loan SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Banco Popular North America that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP). 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: Advice on Getting a Small Business Loan Best Banks for Small Business in New York City, New York Browse All Business Loan Sources for New York
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