Commercial Loans for Textile Product Mills

Looking for commercial loans for textile product mills? The SBA may be the answer. This $265,800 textile product mills loan was issued by a bank.

This small business received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with Doral Bank, out of Catano, . The loan was granted and they received $265,800 to help grow their Caguas, business.

SBA Loan Borrower

COMPANY TYPE: BUSINESS SERVICES
CAGUAS, PR 00727

SBA Loan Lender

DORAL BANK
163 BARBOSA AVE
CATANO, PR 00962

This debt financing was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7389 - Business Services

NAICS Code

314999 - Textile Product Mills

Loan Approval Date

1/25/2005

Loan Approval Gross Amount

$265,800

Loan Approval from the SBA

Of the total $265,800 loan amount, the SBA guaranteed $199,350.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 4 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the funding to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

Many small businesses receive loans backed by the U.S. Small Business Administration.

This company got an SBA loan. You can too! Maybe you need seed money for business? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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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