Communications Equipment Manufacturing Loans

With these loans for communications equipment manufacturing, the SBA guarantees the lender that the loan will be repaid. This communications equipment manufacturing loan for $50,000 was given to a entrepreneur in 2007.

Getting a small business loan in Guaynabo, was important for this growing firm back in 2007 and, based on their loan application, they were successful in getting an SBA loan from Citibank, operating out of San Juan, . Here are the details on this small business loan.

SBA Loan Borrower

COMPANY TYPE: COMMUNICATIONS EQUIPMENT MANUFACTURING
GUAYNABO, PR 00965

SBA Loan Lender

CITIBANK
JOSE DE JESUS TIZOL 202
SAN JUAN, PR 00901

The lender provided this loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

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

334290 - Communications Equipment Manufacturing

Loan Approval Date

5/18/2007

Loan Approval Gross Amount

$50,000

Loan Approval from the SBA

Of the total $50,000 loan amount, the SBA guaranteed $25,000.

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 2 employees. The SBA loan documents indicated that the loan would help retain 2 existing jobs.

Next Steps for Getting an SBA Loan

SBA loans provide smart, affordable business financing for small businesses looking to expand.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Citibank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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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