New York City, New York Lender Lends Money to Electrical Contractors And Wiring Installation Contractors Company
Want to talk with a New York City, New York bank about a business loan? Here's one Missouri 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 firm in Lee's Summit, Missouri. They got an SBA loan for $1,315,500. Great job!
SBA Loan Borrower
COMPANY TYPE: ELECTRICAL CONTRACTORS AND WIRING INSTALLATION CONTRACTORS
LEE'S SUMMIT, MO 64064
SBA Loan Lender
BANCO POPULAR NORTH AMERICA
7 W 51ST ST, BETWEEN 5TH & 6T
NEW YORK CITY, NY 10019
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
238210 - Electrical Contractors and Wiring Installation Contractors
Loan Approval Date
3/21/2007
Loan Approval Gross Amount
$1,315,500
Loan Approval from the SBA
Of the total $1,315,500 loan amount, the SBA guaranteed $986,625.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company
had 40 employees. The SBA loan documents indicated that the loan would help generate 1 new job and retain 41 existing jobs.
Next Steps for Getting an SBA Loan
SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.
This SBA loan was for $1,315,500. How would you spend $1,315,500 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.
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