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| Entrepreneur Resources | Banco Popular North America New York City Business Loans | ||||
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SBA Lenders in Florida
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Where to Get Capital for Tire DealersLooking for small business loans for tire dealers? An SBA loan may be just what you've been looking for. This $468,000 tire dealers loan was issued by a New York bank.
Gasparini Tires Inc. received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with Banco Popular North America, out of New York City, New York. The loan was granted and they received $468,000 to help grow their Miami, Florida business. SBA Loan Borrower GASPARINI TIRES INC. SBA Loan Lender BANCO POPULAR NORTH AMERICA Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 441320 - Tire Dealers Loan Approval Date 8/10/2004 Loan Approval Gross Amount $468,000 Loan Approval from the SBA Of the total $468,000 loan amount, the SBA guaranteed $351,000. More Information on This SBA Loan The borrower, Gasparini Tires Inc., 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 5 employees. The SBA loan application for the borrower indicated that the loan would help retain 5 existing jobs. This loan was paid in full, and was closed out on 3/13/2008. Getting an SBA Loan For Your Business SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this Gasparini Tires Inc. loan from Banco Popular North America so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. About This SBA Loan Information: All SBA loan data displayed above comes from the government's SBA loan database. Related Links: Determining Proper Capital Structure for a Business Who Lends Money to Small Businesses 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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