Banco Popular De Puerto Rico Provides SBA Loan to Buy Stanley's Steamer Carpet Cleaning Franchise
Need a loan to purchase a Stanley's Steamer Carpet Cleaning franchise? Banco Popular De Puerto Rico has a history of making these loans and they are guaranteed by the SBA.
Want to borrow money to buy a Stanley's Steamer Carpet Cleaning franchise? If so, here's a 2003 SBA franchise loan that you should know about. Banco Popular De Puerto Rico was the lender and the entrepreneur was based in Bayamon, .
SBA Loan Borrower
STEAMATIC OF PUERTO RICO
BAYAMON, PR 00956
SBA Loan Lender
BANCO POPULAR DE PUERTO RICO
209 MUNOZ RIVERA AVE, POPULAR
SAN JUAN, PR 00918
This was a Low Documentation SBA loan. The SBA started this program to minimize the paperwork associated with borrowing money. The low-doc program is quick, requiring completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Right now, the maximum small business loan for this SBA program is $100,000.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
7217 - Carpet and Upholstery Cleaning
NAICS Code
561740 - Carpet and Upholstery Cleaning Services
Loan Approval Date
4/9/2003
Loan Approval Gross Amount
$50,000
Loan Approval from the SBA
Of the total $50,000 loan amount, the SBA guaranteed $42,500.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. This loan was used to buy a Stanley's Steamer Carpet Cleaning franchise. At the time of the loan, the company
had 10 employees. This SBA loan request did not indicate that the business planned to use the money to hire new employees or retain any existing employees.
Great, But How Can I Get an SBA Loan for My Business?
If you need money to start a small business or need money for an existing business, an SBA loan can be a great source of funding.
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 Popular De 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:
Stanley Steemer International, Inc.
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