Entrepreneur Works With San Juan, Bank to Get an SBA Loan

Get to know San Juan, banks that specialize in small business loans and know how to work with entrepreneurs. Economic Devel Bank For Puerto R is one such bank, as evidenced by this SBA loan to a growing company.

Finding a small business loan in Guaynabo, starts with an understanding of who else has gotten loans in the area. In this case, a local firm received funding from Economic Devel Bank For Puerto R. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: RADIOTELEPHONE COMMUNICATIONS
GUAYNABO, PR 00969

SBA Loan Lender

ECONOMIC DEVEL BANK FOR PUERTO R
638 ALDEBARAN ST, RIO PIEDRAS
SAN JUAN, PR 00920

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

4812 - Radiotelephone Communications

Loan Approval Date

9/1/2000

Loan Approval Gross Amount

$149,656

Loan Approval from the SBA

Of the total $149,656 loan amount, the SBA guaranteed $112,242.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 6 employees. This SBA loan request did not indicate that the business promised to use the money to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loans provide money to small business owners for working capital for other expenses.

We've showcased information on this loan to let you know that businesses like yours 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.

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