Banco Popular provides flexible credit lines for short-term working capital purposes, receivables or inventory financing and general cash-flow management. Term loans are also available to acquire property, plant and equipment or to simply obtain permanent operating capital.

Business Line of Credit

This loan provides short-term credit needs like seasonal purchases, operating expenses and working capital. Some of the features that Banco Popular provides are:

• Flexible line and repayment terms
• Competitive rates
• Lines of credit will vary depending upon business type

Construction Lending

Banco Popular provides interim construction financing for a variety of projects including single family residences, condominiums, townhouses, apartments and commercial and industrial buildings. Rehab and tenant improvement projects financing is also available.

Advantages:

• 48 Hour Turnaround. Our in-house Builders Disbursement System along with our team of dedicated construction specialists provide 48-hour turnaround on all payment requests. No need to wait for a third party to pay your subcontractors!
• Flexible Payment Methods. Both voucher and American Institute of Architects payment methods are available. You chose the method best suited to meet your needs.
• Convenient Reporting. Monthly cost breakdown statements are provided on each project to help you track expenses, enhance records and stay on top of projects.

Asset-Based Lending

Our asset-based lending offerings- including loans and lines of credit secured by inventory, accounts receivable or a combination of both- help you obtain working capital to support your business. If your company is growing rapidly, “cash-flow challenged” or highly leveraged, our flexible solutions often provide more capital than traditional options.

Commercial Real-Estate Mortgages

Banco Popular provides the most direct route for achieving your commercial/investment property or development project goals. Our mortgage loans are available with competitive flexible rates, terms and payment schedules. Let our seasoned team of professional’s guide you through your personalized lending process.

Franchise Financing

Banco Popular's franchise financing experts take the time to understand what makes your particular franchise concept unique. By not only understanding your needs but also the particular characteristics of the franchise industry, Banco Popular can put together a successful financial plan for you.
Experience with customers from a variety of different franchise industries has allowed us to understand and appreciate the culture and values that can determine the success of your business.
We will help you design an ideal loan up to $5 million to suit your needs!

Franchise Eligibility

We provide financing to national and selected regional concepts such as fast food and casual dining businesses with proven track records. Banco Popular also actively seeks out non-food related franchises.

Loan Purposes
Banco Popular's franchise loans can be used for opening new stores, acquiring, or remodeling existing stores, acquiring equipment or real estate, making leasehold improvements, or refinancing.

Borrower Profile
Banco Popular looks for the following characteristics in a borrower:

• Experience in the business
• Owner's equity in the business
• A clear credit history
• A historical or projected capacity to repay

Types of Loans
You can borrow through a conventional loan program or through the SBA-guaranteed loan program. Banco Popular offers fixed or variable rate loans with terms of up to 15 years for qualified borrowers.

Application Information
You can begin your Franchise loan application process online or call your regional Banco Popular Franchise Lending office.

Contact a local business banker to inquire which line of credit or loan will fulfill your business needs. Call (800)377-0800 to begin making your dreams come true!