Banco Popular, National Association
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Banco Popular, National Association · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 811111 | General Automotive Repair | 4 | $594K | $149K | 5.9% |
| 623990 | Other Residential Care Facilities | 3 | $964K | $321K | 4.4% |
| 522310 | Mortgage and Nonmortgage Loan Brokers | 2 | $100K | $50K | 2.9% |
| 812112 | Beauty Salons | 2 | $186K | $93K | 2.9% |
| 623110 | Nursing Care Facilities (Skilled Nursing Facilities) | 2 | $2.3M | $1.2M | 2.9% |
| 624410 | Child Care Services | 2 | $750K | $375K | 2.9% |
| 623311 | Continuing Care Retirement Communities | 2 | $1.0M | $516K | 2.9% |
| 621210 | Offices of Dentists | 2 | $810K | $405K | 2.9% |
| 812320 | Drycleaning and Laundry Services (except Coin-Operated) | 2 | $746K | $373K | 2.9% |
| 623312 | Assisted Living Facilities for the Elderly | 2 | $748K | $374K | 2.9% |
Geographic Distribution
SBA lending activity for Banco Popular, National Association by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Florida (FL) | 68 | $20.6M | 100.0% |
Why Choose Banco Popular, National Association?
Based on SBA 7(a) lending track record from 1998-2004
- ✓Proven Track Record: 68 SBA loans approved, totaling $20.6M in financing
- ✓Industry Expertise: Specialized focus on General Automotive Repair, Other Residential Care Facilities, Mortgage and Nonmortgage Loan Brokers
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 115 months
- ✓Loan Range: Loan sizes from $18K to $2.7M, with an average of $303K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in FL
Note: Approval and terms are subject to SBA and lender requirements. This profile is based on historical data and does not guarantee future lending decisions.
Frequently Asked Questions
Common questions about Banco Popular, National Association SBA lending
What types of businesses does Banco Popular, National Association typically finance?
Banco Popular, National Association specializes in SBA 7(a) lending to specific industries including general automotive repair, other residential care facilities, mortgage and nonmortgage loan brokers, beauty salons. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Banco Popular, National Association's typical SBA loan terms?
Banco Popular, National Association's SBA 7(a) loans typically feature an average interest rate of — and average term length of 115 months (approximately 10 years). Loan sizes range from $18K to $2.7M, with an average loan size of $303K.
Do I need a business valuation for a Banco Popular, National Association SBA loan?
Yes, Banco Popular, National Association typically requires a professional business valuation for SBA loans over $250,000 or for change-of-ownership transactions. A certified valuation helps establish the purchase price, loan amount, and ensures SBA compliance. The valuation typically costs $5,000-$15,000 depending on business complexity.
How does Banco Popular, National Association compare to other SBA lenders?
Banco Popular, National Association has originated 68 SBA loans totaling $20.6M since 1998. They distinguish themselves through industry specialization and expertise in their focus sectors. Compare their rates and terms with other lenders in our Commercial Lending Directory.
What states does Banco Popular, National Association lend in?
Banco Popular, National Association provides SBA 7(a) financing with particularly strong presence in FL. Based on their lending history, they have experience with diverse state-specific business regulations and licensing requirements.
Research Your Target Industry Before Applying
Before applying for SBA financing, research your industry's typical loan sizes, approval rates, and specialized lenders. Understanding industry-specific financing patterns can help you find the right lender and strengthen your application.
Our industry research reports provide comprehensive intelligence for 1,000+ industries including financial benchmarks, growth trends, financing patterns, and which lenders are most active in your sector.
Explore Industry Reports →Need a Business Valuation?
Certified valuations are often required for SBA loans over $250,000.
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