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January 27, 2025 |
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| Home > Small Business Lenders by State > Business Loan Sources > Hato Rey, Business Loans > Banco Santander Puerto Rico Hato Rey Business Loans > Service Establishment Equipment And Supplies Loan | ||||
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We Needed a Business Loan in Guanica, and We Got One!
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Cosmetics, Beauty Supplies, and Perfume Stores SBA LoansLooking for SBA loans for cosmetics, beauty supplies, and perfume stores? Talk to a banker who works with the SBA. This $20,000 cosmetics, beauty supplies, and perfume stores loan was issued by a bank. This business knew how to go about getting a business bank loan. Based in Guanica, , they applied for and were awarded an SBA-guaranteed loan in 2000. The lending bank was Banco Santander Puerto Rico, based in Hato Rey, . SBA Loan Borrower COMPANY TYPE: SERVICE ESTABLISHMENT EQUIPMENT AND SUPPLIES SBA Loan Lender BANCO SANTANDER PUERTO RICO This lender issued this particular loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5087 - Service Establishment Equipment and Supplies NAICS Code 446120 - Cosmetics, Beauty Supplies, and Perfume Stores Loan Approval Date 12/14/2000 Loan Approval Gross Amount $20,000 Loan Approval from the SBA Of the total $20,000 loan amount, the SBA guaranteed $16,000. 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 2 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the loan proceeds to add employees or retain any existing employees. Next Steps for Getting an SBA Loan Many small businesses receive loans backed by the U.S. Small Business Administration. 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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