SBA Loan from Oriental Financial Group, Inc Helps Flowers, Nursery Stock, And Florists Supplies Company

Oriental Financial Group, Inc has a track record as a leading provider of SBA loans. Find out how this entrepreneur received an SBA loan from them.

This business knew how to go about getting a business bank loan. Based in Dorado, , they applied for and received an SBA-guaranteed loan in 2002. The lending bank was Oriental Financial Group, Inc, based in San Juan, .

SBA Loan Borrower

COMPANY TYPE: FLOWERS, NURSERY STOCK, AND FLORISTS SUPPLIES
DORADO, PR 00646

SBA Loan Lender

ORIENTAL FINANCIAL GROUP, INC
P O BOX 195115
SAN JUAN, PR 00919

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5193 - Flowers, Nursery Stock, and Florists Supplies

NAICS Code

444220 - Nursery and Garden Centers

Loan Approval Date

3/19/2002

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower did not indicate that the small business planned to use the loan proceeds to hire new employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

If you need business start up money in Dorado PR, you ought to talk with a local Dorado SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Dorado businesses.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Oriental Financial Group, Inc are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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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