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April 28, 2024 |
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| Home > Small Business Lenders by State > Virginia Business Loan Sources > New York City, Business Loans > Banco Popular North America New York City Business Loans > Engineering Services Loan | ||||
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New York City, New York SBA 7A Banks
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New York City, New York Bank Lends Money to Engineering Services Company in Norfolk, VirginiaA New York City, New York business loan can be yours. Learn how a business got a $1,708,000 business loan from this New York bank. This loan to a local firm is a good example of an SBA loan. Banco Popular North America made the loan and the SBA guaranteed a portion of the loan. Many other Virginia entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take. SBA Loan Borrower COMPANY TYPE: ENGINEERING SERVICES 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 541330 - Engineering Services Loan Approval Date 3/3/2006 Loan Approval Gross Amount $1,708,000 Loan Approval from the SBA Of the total $1,708,000 loan amount, the SBA guaranteed $1,281,000. 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 12 employees. The SBA loan application for the borrower indicated that the loan would help retain 7 existing jobs. Start the Process for Getting an SBA Loan Today! SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $1,708,000 loan. Remember, where there is a will, there is a way! 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: Banking Deregulation's Effects on Entrepreneurship Banks in New York City, New York Browse All Business Loan Sources for New York
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