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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 > Air Transportation, Scheduled Loan | ||||
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Bank SBA Loans
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San Juan, Bank Lends Money to Air Transportation, Scheduled Company in Guaynabo,Want to talk with a San Juan, bank about a small business loan? Here's one business loan, issued by a San Juan bank, that was approved by the SBA. Applying for an SBA loan with Banco Popular De Puerto Rico worked out well for our friends at one local business in Guaynabo, . They received an SBA loan for $564,720. Sweet! SBA Loan Borrower COMPANY TYPE: AIR TRANSPORTATION, SCHEDULED SBA Loan Lender BANCO POPULAR DE PUERTO RICO This lender issued this small business loan under the SBA's 7A loan, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 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 4512 - Air Transportation, Scheduled NAICS Code 481111 - Scheduled Passenger Air Transportation Loan Approval Date 2/26/2002 Loan Approval Gross Amount $564,720 Loan Approval from the SBA Of the total $564,720 loan amount, the SBA guaranteed $423,540. 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 only one employee. The SBA loan application for the borrower did not indicate that the business planned to use the money to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business If you want money for new small business in Guaynabo PR, you ought to talk with a local Guaynabo SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Guaynabo businesses. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $564,720 loan. Remember, fight for what you want, and it will be yours! 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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