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May 17, 2024 |
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| Home > Small Business Lenders by State > Utah Business Loan Sources > New York City, Business Loans > Banco Popular North America New York City Business Loans > Specialty Trade Contractors Loan | ||||
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We Needed a Business Loan in Draper, Utah and We Got One!
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Small Business Loans for Specialty Trade ContractorsLooking for small business loans for specialty trade contractors? An SBA loan may be just what you've been looking for. This $800,000 specialty trade contractors loan was issued by a New York bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Draper, Utah was able to borrow $800,000 from Banco Popular North America. The SBA made the loan possible by guaranteeing $600,000 of this Utah small business loan. SBA Loan Borrower COMPANY TYPE: SPECIALTY TRADE CONTRACTORS SBA Loan Lender BANCO POPULAR NORTH AMERICA This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 238990 - Specialty Trade Contractors Loan Approval Date 12/5/2006 Loan Approval Gross Amount $800,000 Loan Approval from the SBA Of the total $800,000 loan amount, the SBA guaranteed $600,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 8 employees. The SBA loan application for the borrower indicated that the loan would help retain 8 existing jobs. Great, But How Can I Get an SBA Loan for My Business? If you need money to start business in Draper UT, you ought to talk with a local Draper SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Draper businesses. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Banco Popular North America are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you. 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: SBA 7A Banks in New York City, New York
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