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January 6, 2025 |
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| Home > Small Business Lenders by State > Business Loan Sources > San Juan, Business Loans > Banco Popular De Puerto Rico San Juan Business Loans > Limited-Service Restaurants Loan | ||||
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Banco Popular De Puerto Rico Bayamon,
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SBA Loan from Banco Popular De Puerto Rico Helps Limited-Service Restaurants CompanyAn SBA loan from Banco Popular De Puerto Rico typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Bayamon, business owner got a $72,900 loan. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Bayamon, was able to borrow $72,900 from Banco Popular De Puerto Rico. The SBA made the loan possible by guaranteeing $61,965 of this small business loan. SBA Loan Borrower COMPANY TYPE: LIMITED-SERVICE RESTAURANTS SBA Loan Lender BANCO POPULAR DE PUERTO RICO As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 12/6/2006 Loan Approval Gross Amount $72,900 Loan Approval from the SBA Of the total $72,900 loan amount, the SBA guaranteed $61,965. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had no employees. The SBA loan documents indicated that the loan would help generate 6 new jobs. Next Steps for Getting an SBA Loan SBA loans provide money to small business owners for working capital for other expenses. We can help you find the best banks for small businesses in Bayamon or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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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