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December 22, 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 > Concrete Block And Brick Manufacturing Loan | ||||
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Small Business Funding
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Financing for Concrete Block and Brick ManufacturingLooking for loans for concrete block and brick manufacturing? An SBA loan may be just what you've been looking for. This $178,400 concrete block and brick manufacturing loan was issued by a bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Guayanilla, was able to borrow $178,400 from Banco Popular De Puerto Rico. The SBA made the loan possible by guaranteeing $89,200 of this small business loan. SBA Loan Borrower COMPANY TYPE: CONCRETE BLOCK AND BRICK MANUFACTURING SBA Loan Lender BANCO POPULAR DE PUERTO RICO This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 327331 - Concrete Block and Brick Manufacturing Loan Approval Date 5/2/2005 Loan Approval Gross Amount $178,400 Loan Approval from the SBA Of the total $178,400 loan amount, the SBA guaranteed $89,200. 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 14 employees. This SBA loan request indicated that the loan would help generate 2 new jobs and retain 16 existing jobs. Great, But How Can I Get an SBA Loan for My 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. While you may be able to borrow money from friends and family, 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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