New York City, New York Lender Lends Money to Baccell Corp

Get business loans from a New York City, New York bank that knows how to treat small business owners right! If Baccell Corp can get a loan, there's no reason you can't do it too.

Banco Popular North America is a New York City, New York small business lender that is dedicated to providing financing to small businesses. In this case, they gave a small business loan to Baccell Corp a Florida company.

SBA Loan Borrower

BACCELL CORP
2938 NW 72 AVE
MIAMI, FL 33122

SBA Loan Lender

BANCO POPULAR NORTH AMERICA
7 W 51ST ST, BETWEEN 5TH & 6T
NEW YORK CITY, NY 10019

This lender processed this SBA bank loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

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

423690 - Other Electronic Parts and Equipment Merchant Wholesalers

Loan Approval Date

11/24/2006

Loan Approval Gross Amount

$100,000

Loan Approval from the SBA

Of the total $100,000 loan amount, the SBA guaranteed $50,000.

More Information on This SBA Loan

The borrower, Baccell Corp, borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 5 employees. This SBA loan request indicated that the loan would help generate 5 new jobs and retain 5 existing jobs.

Getting an SBA Loan For Your Business

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

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 Baccell Corp did when it applied for and received this $100,000 loan. Remember, anyone can do it... so why not you?

About This SBA Loan Information:

All SBA loan data displayed above comes from the government's SBA loan database.

Related Links:

The Art of Bootstrapping

Who Lends Money to Small Businesses in New York City, New York

Getting an SBA Loan in New York

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