Loan Census Banking News and Information
January 27, 2025  
 
 
  Business Loan Information  
 

Raising Money in Caguas, With SBA Loans

 

 
Loan Census SBA Loan Info

Entrepreneur Secures Financing to Buy Carvel Ice Cream Franchise

Borrowing money to invest in a Carvel Ice Cream franchise? Banco Santander Puerto Rico has a history of making these loans and they are guaranteed by the SBA.

Carvel Ice Cream franchise loans are available to Caguas, entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Banco Santander Puerto Rico, based in Hato Rey, , issued an SBA franchise loan for a Carvel Ice Cream franchise in 2005. We've got all the details on this small business loan.

SBA Loan Borrower

CARVEL ICE CREAM BAKERY
CAGUAS, PR 00725

SBA Loan Lender

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

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

445299 - Specialty Food Stores

Loan Approval Date

8/19/2005

Loan Approval Gross Amount

$58,500

Loan Approval from the SBA

Of the total $58,500 loan amount, the SBA guaranteed $49,725.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Carvel Ice Cream franchise. At the time of the loan, the company had 2 employees. The loan application indicated that the loan would help retain 2 existing jobs.

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

Every year, the SBA guarantees over $10 billion for loans just like this one.

If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from Banco Santander Puerto Rico so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

Carvel Ice Cream

Carvel Corporation

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