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December 22, 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 > Taco Maker Cayey Loan | ||||
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I Need an SBA Loan to Buy a Franchise in Cayey,
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Cayey, PR Entrepreneur Gets SBA Loan to Buy Carvel Ice Cream FranchiseNeed money to buy a Carvel Ice Cream franchise? Banco Popular De Puerto Rico has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a Carvel Ice Cream franchise shouldn't be too tough. In 2004, Banco Popular De Puerto Rico issued an SBA franchise loan to an entrepreneur in Cayey, . Because Carvel Ice Cream was registered with the SBA's registry of franchises, this small business loan was issued on an expedited basis. SBA Loan Borrower TACO MAKER CAYEY SBA Loan Lender BANCO POPULAR DE PUERTO RICO SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This commercial loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5812 - Eating Places NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 6/23/2004 Loan Approval Gross Amount $216,000 Loan Approval from the SBA Of the total $216,000 loan amount, the SBA guaranteed $162,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Carvel Ice Cream franchise. At the time of the loan, the company had 15 employees. The SBA loan application for the borrower did not indicate that the company promised to use the money to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan Remember, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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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