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November 21, 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 > Grocery Stores Loan | ||||
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Comerio, Bank for SBA Loans
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Supermarkets and Grocery Stores SBA LoansLooking for SBA loans for supermarkets and grocery stores? An SBA loan may be just what you've been looking for. This $607,000 supermarkets and grocery stores loan was issued by a bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Comerio, was able to borrow $607,000 from Banco Popular De Puerto Rico. The SBA made the loan possible by guaranteeing $455,250 of this small business loan. SBA Loan Borrower COMPANY TYPE: GROCERY STORES SBA Loan Lender BANCO POPULAR DE PUERTO RICO This 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 5411 - Grocery Stores NAICS Code 445110 - Supermarkets and Grocery Stores Loan Approval Date 9/10/2004 Loan Approval Gross Amount $607,000 Loan Approval from the SBA Of the total $607,000 loan amount, the SBA guaranteed $455,250. More Information on This SBA Loan The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 11 employees. The loan application did not indicate that the business promised to use the money to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business If you are interested in getting money to start a business or need money to grow a business, an SBA loan can be a great funding source While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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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