Guaynabo, PR Entrepreneur Gets SBA Loan to Buy Pro Golf Franchise

Borrowing money to invest in a Pro Golf franchise? Banco Popular De Puerto Rico has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Pro Golf franchise? If so, here's a 2005 SBA franchise loan that you should know about. Banco Popular De Puerto Rico was the lender and the entrepreneur was based in Guaynabo, .

SBA Loan Borrower

CANDELAS GROUP III, INC.
GUAYNABO, PR 00971

SBA Loan Lender

BANCO POPULAR DE PUERTO RICO
209 MUNOZ RIVERA AVE, POPULAR
SAN JUAN, PR 00918

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

451110 - Sporting Goods Stores

Loan Approval Date

4/4/2005

Loan Approval Gross Amount

$307,300

Loan Approval from the SBA

Of the total $307,300 loan amount, the SBA guaranteed $153,650.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Pro Golf franchise. At the time of the loan, the company had 11 employees. The SBA loan application for the borrower indicated that the loan would help retain 11 existing jobs.

Start the Process for Getting an SBA Loan Today!

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $307,300 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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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