Loan Census Banking News and Information
December 22, 2024  
 
 
  Business Loan Information  
 

Firstbank Puerto Rico

 

 
Loan Census SBA Loan Info

Carolina, Business Gets SBA-Guaranteed Funding from Firstbank Puerto Rico

An SBA loan from Firstbank Puerto Rico typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Carolina, business owner got a $85,000 loan.

This business received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with Firstbank Puerto Rico, out of Santurce, . The loan was granted and they received $85,000 to help grow their Carolina, business.

SBA Loan Borrower

COMPANY TYPE: STATIONERY AND OFFICE SUPPLIES
CAROLINA, PR 00984

SBA Loan Lender

FIRSTBANK PUERTO RICO
1519 PONCE DE LEON AVE
SANTURCE, PR 00908

This SBA bank loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5112 - Stationery and Office Supplies

NAICS Code

424990 - Nondurable Goods Merchant Wholesalers

Loan Approval Date

5/23/2006

Loan Approval Gross Amount

$85,000

Loan Approval from the SBA

Of the total $85,000 loan amount, the SBA guaranteed $72,250.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 5 employees. This SBA loan request did not indicate that the company planned to use the loan proceeds to add employees or retain any existing employees.

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.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $85,000 loan. Remember, fight for what you want, and it will be yours!

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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