Camuy, PR Entrepreneur Gets SBA Loan to Buy Taco Maker Franchise

Need a loan to buy a Taco Maker franchise? Banco Popular De Puerto Rico has a history of making these loans and they are guaranteed by the SBA.

Taco Maker franchise loans are available to Camuy, entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Banco Popular De Puerto Rico, based in San Juan, , issued an SBA franchise loan for a Taco Maker franchise in 2003. We've got all the details on this small business loan.

SBA Loan Borrower

TACO MAKER CAMUY / QUEBRADILLA
CAMUY, PR 00627

SBA Loan Lender

BANCO POPULAR DE PUERTO RICO
209 MUNOZ RIVERA AVE, POPULAR
SAN JUAN, 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

722211 - Limited-Service Restaurants

Loan Approval Date

7/16/2003

Loan Approval Gross Amount

$591,700

Loan Approval from the SBA

Of the total $591,700 loan amount, the SBA guaranteed $443,775.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Taco Maker franchise. At the time of the loan, the company had 24 employees. The SBA loan application for the borrower indicated that the borrowed money would help generate 45 new jobs.

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

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

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 $591,700 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.

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