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May 5, 2024 |
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| Home > Small Business Lenders by State > Arizona Business Loan Sources > New York City, Business Loans > Banco Popular North America New York City Business Loans > Planet Beach Loan | ||||
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Where to Get an SBA Loan to Purchase a Franchise
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Arizona Entrepreneur Secures Financing to Buy Planet Beach FranchiseNeed money to invest in a Planet Beach franchise? Banco Popular North America has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a Planet Beach franchise may simply require a phone call to a local SBA banker. In 2007, Banco Popular North America issued an SBA franchise loan to an entrepreneur in Scottsdale, Arizona. Because Planet Beach was registered with the SBA's registry of franchises, this Arizona small business loan was issued on an expedited basis. SBA Loan Borrower PLANET BEACH 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 812199 - Personal Care Services Loan Approval Date 9/14/2007 Loan Approval Gross Amount $506,600 Loan Approval from the SBA Of the total $506,600 loan amount, the SBA guaranteed $379,950. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Planet Beach franchise. At the time of the loan, the company had 2 employees. This SBA loan request indicated that the loan would help generate 3 new jobs and retain 5 existing jobs. Next Steps for Getting an SBA Loan For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing. 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 $506,600 loan. Remember, things become real when you believe you can achieve them! 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: Obtaining Funding From a Venture Capitalist Small Business Banks in New York City, New York
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