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| Entrepreneur Resources | Banco Popular North America New York City Business Loans | ||||
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How to Get SBA Money in Miami, Florida
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A M Day Care Corp Gets a Florida Small Business LoanWould a Florida business loan help your company expand? If so, you may want to talk with this New York bank, which offers SBA loans to Florida entrepreneurs.
A M Day Care Corp, based in Miami, Florida, offers a good example of how small businesses get financed. Taking advantage of the SBA's guaranteed loan program, they were able to get a loan from Banco Popular North America. We've got the inside scoop on this Florida small business loan. SBA Loan Borrower A M DAY CARE CORP 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 624410 - Child Day Care Services Loan Approval Date 5/23/2003 Loan Approval Gross Amount $87,800 Loan Approval from the SBA Of the total $87,800 loan amount, the SBA guaranteed $74,630. More Information on This SBA Loan The borrower, A M Day Care Corp, borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had only one employee. The loan application indicated that the loan would help generate 10 new jobs and retain 11 existing jobs. Great, But How Can I Get an SBA Loan for My Business? If you are wondering how to find money to start a business or need money to grow a business, an SBA loan can be a great way to raise money The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. A M Day Care Corp needed a loan. Banco Popular North America probably wouldn't have granted the loan based on the merits of the company, but 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 A M Day Care Corp 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 SBA loan database. Related Links: Microlending as a Small Business Funding Source SBA Participating Banks in New York City, New York If you are an ambitious entrepreneur or an aspiring executive looking to get involved with a startup, please take the time to learn more about Gaebler Ventures.
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