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November 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 > Durable Goods Merchant Wholesalers Loan | ||||
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Tips for Small Business Owners On Getting a Loan
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Getting an SBA Loan for Durable Goods Merchant WholesalersWith these business loans for durable goods merchant wholesalers, the SBA guarantees the lender that the loan will be repaid. This durable goods merchant wholesalers loan for $94,000 was given to a entrepreneur in 2007. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Guaynabo, was able to borrow $94,000 from Banco Popular De Puerto Rico. The SBA made the loan possible by guaranteeing $79,900 of this small business loan. SBA Loan Borrower COMPANY TYPE: DURABLE GOODS MERCHANT WHOLESALERS SBA Loan Lender BANCO POPULAR DE PUERTO RICO This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 423990 - Durable Goods Merchant Wholesalers Loan Approval Date 1/17/2007 Loan Approval Gross Amount $94,000 Loan Approval from the SBA Of the total $94,000 loan amount, the SBA guaranteed $79,900. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had only one employee. This SBA loan request indicated that the loan would help generate 3 new jobs and retain 1 existing job. Next Steps for Getting an SBA Loan If you are wondering how to raise money for a company 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. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Banco Popular De Puerto Rico and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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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