The U.S. Small Business Administration's Guaranteed Loan program intends to help your business grow and prosper. Banco Popular's experience with SBA lending has earned us a "Preferred Lender" status. For you, this means more flexibility and a quicker decision.

Banco Popular is totally committed to helping small businesses thrive. This commitment has helped us achieve a number one ranking of the top SBA lenders nationally.

What is an SBA loan?

An SBA Loan is a program established by the U.S. Small Business Administration to promote the growth of small business enterprises. The program encourages banks to lend to entrepreneurs. To achieve this goal, the SBA provides a guarantee of 75% of funds loaned to a qualifying small business borrower. Through the SBA guaranteed loan program, Banco Popular provides financing that can range from $25,000 to as much as $1 million depending on the business purpose.

Is my business eligible for an SBA loan?

Almost any type of sole proprietor, partnership or corporation is eligible for an SBA-guaranteed loan. Although some criteria may vary, businesses with the following parameters are generally eligible:

• Retail and service businesses with annual sales from $2.5 million to $20 million (depending on the type of business)
• Manufacturers with up to 1,500 employees (depending on the type of business)
• Wholesalers with no more than 100 employees

Loan Purposes

An SBA loan can be used to purchase or start your own business. The loan can also be used to expand an existing business by providing funds to make leasehold improvements, increase working capital, or purchase equipment, inventory, or real estate.

Borrower Profile

When reviewing an application package from an established business, Banco Popular and the SBA are interested in the following information regarding the applicant:

• Ability to repay
• Balance sheet
• Credit history
• Collateral
• Experience in the industry/business-field