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November 14, 2024 |
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| Home > Small Business Lenders by State > Business Loan Sources > San Juan, Business Loans > Banco Popular De Puerto Rico San Juan Business Loans > Optical Goods Stores Loan | ||||
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We Needed an SBA 7A Loan in Caguas, and We Got One!
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Optical Goods Stores Business LoansLooking for business loans for optical goods stores? Try the SBA. This $128,000 optical goods stores loan was issued by a bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Caguas, was able to borrow $128,000 from Banco Popular De Puerto Rico. The SBA made the loan possible by guaranteeing $64,000 of this small business loan. SBA Loan Borrower COMPANY TYPE: OPTICAL GOODS STORES SBA Loan Lender BANCO POPULAR DE PUERTO RICO This lender processed this small 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 446130 - Optical Goods Stores Loan Approval Date 8/19/2003 Loan Approval Gross Amount $128,000 Loan Approval from the SBA Of the total $128,000 loan amount, the SBA guaranteed $64,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 3 employees. The SBA loan documents indicated that the loan would help generate 1 new job and retain 3 existing jobs. Great, But How Can I Get an SBA Loan for My Business? Many small businesses receive loans backed by the U.S. Small Business Administration. 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. Related Links:
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