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| Entrepreneur Resources | Banco Popular North America New York City Business Loans | ||||
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SBA 7A Banks in Florida
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Borrow Money to Buy a General Nutrition Center FranchiseNeed a loan to buy a General Nutrition Center franchise? Banco Popular North America has a history of making these loans and they are guaranteed by the SBA.
An entrepreneur in Miami, Florida needed money to invest in a General Nutrition Center franchise back in 2004. Banco Popular North America issued an SBA franchise loan. Here are the details on this Florida small business loan. SBA Loan Borrower GNC SBA Loan Lender BANCO POPULAR NORTH AMERICA This lender processed this SBA 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 446199 - All Other Health and Personal Care Stores Loan Approval Date 10/8/2004 Loan Approval Gross Amount $10,000 Loan Approval from the SBA Of the total $10,000 loan amount, the SBA guaranteed $5,000. More Information on This SBA Loan The borrower, Gnc, borrowed this money for an existing business. This loan was used to buy a General Nutrition Center franchise. At the time of the loan, the company had 2 employees. The loan application indicated that the loan would help retain 2 existing jobs. Start the Process for Getting an SBA Loan Today! If you are wondering how to raise money for a company in Miami FL, you ought to talk with a local Miami SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Miami businesses. There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower. Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today! About This SBA Loan Information: All SBA loan data displayed above comes from the government's SBA loan database. Related Links: General Nutrition Centers / GNC Live Well Where to Get an SBA Loan in New York City, New York SBA Participating Banks in 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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