Small Business Loans for On-Line Information Services

With these small business loans for on-line information services, the SBA guarantees the lender that the loan will be repaid. This on-line information services loan for $52,000 was given to a entrepreneur in 2002.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Cayey, was able to borrow $52,000 from Economic Devel Bank For Puerto R. The SBA made the loan possible by guaranteeing $44,200 of this small business loan.

SBA Loan Borrower

COMPANY TYPE: INFORMATION RETRIEVAL SERVICES
CAYEY, PR 00987

SBA Loan Lender

ECONOMIC DEVEL BANK FOR PUERTO R
638 ALDEBARAN ST, RIO PIEDRAS
SAN JUAN, PR 00920

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7375 - Information Retrieval Services

NAICS Code

514191 - On-Line Information Services

Loan Approval Date

9/19/2002

Loan Approval Gross Amount

$52,000

Loan Approval from the SBA

Of the total $52,000 loan amount, the SBA guaranteed $44,200.

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. The SBA loan application for the borrower did not indicate that the company planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans provide money to small business owners for working capital for other expenses.

We can help you find the best banks for small businesses in Cayey or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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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