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January 27, 2025 |
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| Home > Small Business Lenders by State > Business Loan Sources > Hato Rey, Business Loans > Banco Santander Puerto Rico Hato Rey Business Loans > Medical Equipment Rental And Leasing Loan | ||||
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Banks for Caguas, Small Business Owners
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Home Health Equipment Rental Commercial LoansLooking for commercial loans for home health equipment rental? Talk to a banker who works with the SBA. This $46,880 home health equipment rental loan was issued by a bank. This small business received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with Banco Santander Puerto Rico, out of Hato Rey, . The loan was granted and they received $46,880 to help grow their Caguas, business. SBA Loan Borrower COMPANY TYPE: MEDICAL EQUIPMENT RENTAL AND LEASING SBA Loan Lender BANCO SANTANDER PUERTO RICO This was a Low Documentation SBA loan. The SBA launched this program to reduce the paperwork associated with borrowing money. The low-doc program involves completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7352 - Medical Equipment Rental and Leasing NAICS Code 532291 - Home Health Equipment Rental Loan Approval Date 11/21/2001 Loan Approval Gross Amount $46,880 Loan Approval from the SBA Of the total $46,880 loan amount, the SBA guaranteed $39,848. More Information on This SBA Loan The borrower borrowed this money for a new 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 4 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the loan proceeds to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? Although it's called an SBA loan, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $46,880 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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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