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December 22, 2024 |
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| Home > Small Business Lenders by State > Business Loan Sources > Hato Rey, Business Loans > Eurobank Hato Rey Business Loans > Eating Places Loan | ||||
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SBA Lender Hato Rey
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Hato Rey, Lender Lends Money to Eating Places CompanyThinking about meeting with a Hato Rey, bank about a business loan? Here's one business loan, issued by a Hato Rey bank, that was approved by the SBA. Applying for an SBA loan with Eurobank worked out well for our friends at one local firm in Fajardo, . They got an SBA loan for $310,000. Nice! SBA Loan Borrower COMPANY TYPE: EATING PLACES SBA Loan Lender EUROBANK This lender issued this debt financing under the SBA's 7(a) guaranteed loan program, in which the SBA provides guaranteed loans to small business owners. This lending program was started in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5812 - Eating Places NAICS Code 722213 - Snack and Nonalcoholic Beverage Bars Loan Approval Date 1/2/2004 Loan Approval Gross Amount $310,000 Loan Approval from the SBA Of the total $310,000 loan amount, the SBA guaranteed $232,500. 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 13 employees. This SBA loan request did not indicate that the SBA funding recipient planned to use the loan proceeds to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Eurobank and they will explain how you can get an SBA loan for your company. 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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