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December 22, 2024 |
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| Home > Small Business Lenders by State > Business Loan Sources > Catano, Business Loans > Doral Bank Catano Business Loans > Martin's Bbq Gurabo Loan | ||||
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I Need Commercial Loans to Buy a Franchise in Gurabo,
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Borrow Money to Buy a Martin's Bbq FranchiseNeed a loan to purchase a Martin's Bbq franchise? Doral Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Gurabo, needed money to invest in a Martin's Bbq franchise back in 2004. Doral Bank issued an SBA franchise loan. Here are the details on this small business loan. SBA Loan Borrower MARTIN'S BBQ GURABO SBA Loan Lender DORAL BANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA business loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5812 - Eating Places NAICS Code 722212 - Cafeterias, Grill Buffets, and Buffets Loan Approval Date 12/1/2004 Loan Approval Gross Amount $261,000 Loan Approval from the SBA Of the total $261,000 loan amount, the SBA guaranteed $195,750. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Martin's Bbq franchise. At the time of the loan, the company had 10 employees. The SBA loan application for the borrower did not indicate that the small business planned to use the funding to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Doral Bank and they will explain how you can get an SBA loan for your company. 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: Banking Deregulation's Effects on Entrepreneurship
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