Popular Small Business Capital will lend to all industries eligible under the SBA programs. Eligibility varies from product to product and industry to industry.

Eligible uses of proceeds vary among loan products. Purchase / Refinance of Commercial Real Estate, Equipment, Inventory, Working Capital are among several eligible Use of Proceeds. Also, financing for Start-up Businesses and Business Expansion are eligible.

The amount you can borrow depends on the loan product chosen, the historical performance of your business and/or the validity of your business plan. Loans vary in size from $150,000 to over $5,000,000

Popular Small Business Capital offers a full range of products to Small Business owners with competitive interest rates. Rates vary depending on product, collateral and risk associated with the loan request.

Once a complete application is submitted, a decision takes about 7 business days.

Depending on the loan structure and Use of Proceeds, disbursement usually takes about 30 to 60 business days after approval.

Complete the attached questionnaire and a Business Development Officer will call you within 2 business days.

Depending on the Use of Proceeds, historical performance of the business and projected leverage position of the business, a contribution on your part may or may not be necessary. Typical contributions range from 0% to 25%.

This would depend on the loan product chosen, collateral offered to secure the loan, and the equity in and location of your house.

The status of your personal credit is important, but we do understand it may have been negatively affected by one time events like divorce or illness.

Depending on the type of business being financed experience may or may not be needed, but is always welcomed.

1. Popular Small Business Capital places no negative covenants in our SBA commitment letters. What does this mean to you? You are in more control of your business and allowed to make decisions to run your business without involving your banker.
2. Popular Small Business Capital does not require you to have full banking or depository relationship. What does this mean to you? You do not need to transfer your existing banking relationship to apply for a loan.
3. We understand that speed and ease of access to capital are important to helping you meet your small business needs. We have a team of trained professional from sales to servicing working on your loan.
4. Banco Popular North America has a 112 year history of committed customer service!