Banco Santander Puerto Rico Gives Small Business Loan to Residential Remodelers Company

Searching for a business loan? This entrepreneur got a business loan, provided by a bank that works with the SBA to help small business owners.

Getting a small business loan in Bayamon, was a top priority for this SBA-financed company back in 2005 and, based on their loan application, they were successful in getting an SBA loan from Banco Santander Puerto Rico. Here are the details on this small business loan.

SBA Loan Borrower

COMPANY TYPE: RESIDENTIAL REMODELERS
BAYAMON, PR 00956

SBA Loan Lender

BANCO SANTANDER PUERTO RICO
AVE PONCE DE LEON 207
HATO REY, PR 00918

This lender processed this business loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

236118 - Residential Remodelers

Loan Approval Date

11/23/2005

Loan Approval Gross Amount

$100,000

Loan Approval from the SBA

Of the total $100,000 loan amount, the SBA guaranteed $50,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 18 employees. The loan application indicated that the loan would help generate 20 new jobs and retain 18 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

If you have been wondering how do i get money to start a business in Bayamon PR, you ought to talk with a local Bayamon SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Bayamon businesses.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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.

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