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May 3, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > New York City, Business Loans > Banco Popular North America New York City Business Loans > Used Car Dealers Loan | ||||
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New York Bank SBA Loans
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New York City, New York Bank Gives SBA Loan to Used Car Dealers CompanyWant to talk with a New York City, New York bank about an SBA loan? Here's one California 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 company in Carson, California. They received an SBA loan for $10,000. Way to go! SBA Loan Borrower COMPANY TYPE: USED CAR DEALERS SBA Loan Lender BANCO POPULAR NORTH AMERICA The lender provided this SBA loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 441120 - Used Car Dealers Loan Approval Date 4/20/2007 Loan Approval Gross Amount $10,000 Loan Approval from the SBA Of the total $10,000 loan amount, the SBA guaranteed $5,000. 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 4 employees. The SBA loan documents indicated that the loan would help generate 2 new jobs and retain 4 existing jobs. Great, But How Can I Get an SBA Loan for My Business? SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $10,000 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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 - Friends and Family SBA Participating Banks in New York City, New York
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