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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 > Signs And Advertising Specialties Loan | ||||
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Getting an SBA Loan for Sign ManufacturingWith these commercial loans for sign manufacturing, the SBA guarantees the lender that the loan will be repaid. This sign manufacturing loan for $50,000 was given to a entrepreneur in 2001. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Carolina, was able to borrow $50,000 from Banco Santander Puerto Rico. The SBA made the loan possible by guaranteeing $42,500 of this small business loan. SBA Loan Borrower COMPANY TYPE: SIGNS AND ADVERTISING SPECIALTIES SBA Loan Lender BANCO SANTANDER PUERTO RICO This was a Low Documentation SBA loan. The SBA started this program to limit the paperwork associated with appliying for an SBA loan . 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 3993 - Signs and Advertising Specialties NAICS Code 339950 - Sign Manufacturing Loan Approval Date 9/25/2001 Loan Approval Gross Amount $50,000 Loan Approval from the SBA Of the total $50,000 loan amount, the SBA guaranteed $42,500. 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 6 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the loan proceeds to add employees 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. 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 $50,000 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: Accountant's Role in Securing Financing
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