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February 5, 2025 |
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| Home > Small Business Lenders by State > Business Loan Sources > Hato Rey, Business Loans > Banco Santander Puerto Rico Hato Rey Business Loans > Drugs, Drug Proprietaries, And Druggists' Sundries Loan | ||||
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Aguadi, Bank Loan
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Financing for Drugs and Druggists' Sundries WholesalersWith these commercial loans for drugs and druggists' sundries wholesalers, the SBA guarantees the lender that the loan will be repaid. This drugs and druggists' sundries wholesalers loan for $55,000 was given to a entrepreneur in 2000. This small business knew how to go about getting a business bank loan. Based in Aguadi, , they applied for and were awarded an SBA-guaranteed loan in 2000. The lending bank was Banco Santander Puerto Rico, based in Hato Rey, . SBA Loan Borrower COMPANY TYPE: DRUGS, DRUG PROPRIETARIES, AND DRUGGISTS' SUNDRIES SBA Loan Lender BANCO SANTANDER PUERTO RICO This lender issued this particular business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5122 - Drugs, Drug Proprietaries, and Druggists' Sundries NAICS Code 422210 - Drugs and Druggists' Sundries Wholesalers Loan Approval Date 2/8/2000 Loan Approval Gross Amount $55,000 Loan Approval from the SBA Of the total $55,000 loan amount, the SBA guaranteed $44,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower did not indicate that the business planned to use the funding to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! Every year, the SBA guarantees over $10 billion for loans just like this one. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Banco Santander Puerto Rico and they will explain how you can get an SBA loan for your company. About This SBA Loan Information: All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ. Related Links:
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