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May 13, 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 > Physicians Loan | ||||
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Raising Money in Katy, Texas With SBA Loans
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Texas Business Loan Issued to Physicians CompanySBA loans in Texas are hard to find these days. We take a look at one Texas SBA loan, provided by a New York bank, that was approved by the SBA. Getting a small business loan in Katy, Texas was a top priority for this particular business back in 2002 and, based on their loan application, they were successful in getting an SBA loan from Banco Popular North America. Here are the details on this Texas small business loan. SBA Loan Borrower COMPANY TYPE: PHYSICIANS SBA Loan Lender BANCO POPULAR NORTH AMERICA As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 621111 - Physicians Loan Approval Date 3/15/2002 Loan Approval Gross Amount $1,085,000 Loan Approval from the SBA Of the total $1,085,000 loan amount, the SBA guaranteed $813,750. 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 3 employees. The SBA loan documents indicated that the loan would help retain 2 existing jobs. Next Steps for Getting an SBA Loan Many small businesses receive loans backed by the U.S. Small Business Administration. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Banco Popular North America had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Banco Popular North America made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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 Small Bank Loans in New York City, New York Getting an SBA Loan in New York
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