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May 2, 2024 |
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| Home > Small Business Lenders by State > Tennessee Business Loan Sources > New York City, Business Loans > Banco Popular North America New York City Business Loans > Beer, Wine, And Liquor Stores Loan | ||||
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Gallatin, Tennessee Bank Loan
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Where to Get Capital for Beer, Wine, and Liquor StoresLooking for small business loans for beer, wine, and liquor stores? Talk to a banker who works with the SBA. This $416,100 beer, wine, and liquor stores loan was issued by a New York bank. This company knew how to go about getting a business bank loan. Based in Gallatin, Tennessee, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was Banco Popular North America, based in New York City, New York. SBA Loan Borrower COMPANY TYPE: BEER, WINE, AND LIQUOR STORES 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 445310 - Beer, Wine, and Liquor Stores Loan Approval Date 11/21/2005 Loan Approval Gross Amount $416,100 Loan Approval from the SBA Of the total $416,100 loan amount, the SBA guaranteed $312,075. More Information on This SBA Loan The borrower borrowed this money for a new 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 only one employee. The SBA loan documents indicated that the loan would help generate 4 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. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Banco Popular North America and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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: Realistic Debt Financing Options Small Business Banks in New York City, New York Browse All Business Loan Sources for New York
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