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May 4, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > New York City, Business Loans > Banco Popular North America New York City Business Loans > Janitorial Services Loan | ||||
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We Needed a Small Business Loan in Riverside, California and We Got One!
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Where to Get Capital for Janitorial ServicesLooking for small business loans for janitorial services? An SBA loan may be just what you've been looking for. This $70,000 janitorial services loan was issued by a New York bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Riverside, California was able to borrow $70,000 from Banco Popular North America. The SBA made the loan possible by guaranteeing $35,000 of this California small business loan. SBA Loan Borrower COMPANY TYPE: JANITORIAL SERVICES SBA Loan Lender BANCO POPULAR NORTH AMERICA The lender provided this debt financing through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 561720 - Janitorial Services Loan Approval Date 1/18/2007 Loan Approval Gross Amount $70,000 Loan Approval from the SBA Of the total $70,000 loan amount, the SBA guaranteed $35,000. 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 2 employees. This SBA loan request did not indicate that the business planned to use the money to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $70,000 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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: Role of Business Plan When Raising Money Small Bank Loans in New York City, New York
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