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May 1, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > New York City, Business Loans > Banco Popular North America New York City Business Loans > Food Preparations Loan | ||||
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Banco Popular North America
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SBA Loan from Banco Popular North America Helps Food Preparations CompanyBanco Popular North America is a source for SBA loans that have lower down payments and longer repayment terms than many other financing options. To help you understand SBA loans, we've featured one Texas entrepreneur who tapped into the power of SBA loans. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Terrell, Texas was able to borrow $50,000 from Banco Popular North America. The SBA made the loan possible by guaranteeing $25,000 of this Texas small business loan. SBA Loan Borrower COMPANY TYPE: FOOD PREPARATIONS SBA Loan Lender BANCO POPULAR NORTH AMERICA This SBA loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. SIC Code 2099 - Food Preparations Loan Approval Date 7/11/2000 Loan Approval Gross Amount $50,000 Loan Approval from the SBA Of the total $50,000 loan amount, the SBA guaranteed $25,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 80 employees. The loan application indicated that the loan would help generate 5 new jobs and retain 85 existing jobs. Start the Process for Getting an SBA Loan Today! SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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: Banking Deregulation's Effects on Entrepreneurship Who Lends Money to Small Businesses in New York City, New York
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