How to Get a Loan for Manufacturing
Looking for business loans for manufacturing? The SBA may be the answer. This $425,000 manufacturing loan was issued by a bank.
This small business knew how to go about getting a business bank loan. Based in Ciales, , they applied for and were awarded an SBA-guaranteed loan in 2007. The lending bank was Banco Popular De Puerto Rico, based in San Juan, .
SBA Loan Borrower
COMPANY TYPE: MANUFACTURING
CIALES, PR 00638
SBA Loan Lender
BANCO POPULAR DE PUERTO RICO
209 MUNOZ RIVERA AVE, POPULAR
SAN JUAN, PR 00918
The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide SBA bank loans to American small businesses.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
339999 - Manufacturing
Loan Approval Date
11/5/2007
Loan Approval Gross Amount
$425,000
Loan Approval from the SBA
Of the total $425,000 loan amount, the SBA guaranteed $318,750.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company
had 31 employees. This SBA loan request indicated that the loan would help generate 29 new jobs and retain 2 existing jobs.
Getting an SBA Loan For Your 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.
This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.
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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