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May 17, 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 > Continuing Care Retirement Communities Loan | ||||
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Business Loans for Bridgeville Businesses
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Get an SBA Loan for Continuing Care Retirement CommunitiesLooking for small business loans for continuing care retirement communities? An SBA loan may be just what you've been looking for. This $342,300 continuing care retirement communities loan was issued by a New York bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Bridgeville, Pennsylvania was able to borrow $342,300 from Banco Popular North America. The SBA made the loan possible by guaranteeing $256,725 of this Pennsylvania small business loan. SBA Loan Borrower COMPANY TYPE: CONTINUING CARE RETIREMENT COMMUNITIES SBA Loan Lender BANCO POPULAR NORTH AMERICA This lender issued this loan under the SBA 7A lending program , in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 623311 - Continuing Care Retirement Communities Loan Approval Date 9/11/2007 Loan Approval Gross Amount $342,300 Loan Approval from the SBA Of the total $342,300 loan amount, the SBA guaranteed $256,725. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 11 employees. The SBA loan application for the borrower indicated that the loan would help generate 10 new jobs and retain 1 existing job. Getting an SBA Loan For Your Business SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. This SBA loan was for $342,300. How would you spend $342,300 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: Family and Friend Investors - Your First Financiers Best Banks for Small Business in New York City, New York
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