Gurabo, Business Gets SBA-Guaranteed Funding from Banco Popular De Puerto Rico

Banco Popular De Puerto Rico has a track record as a leading provider of SBA loans. Find out how this entrepreneur received an SBA loan from them.

This business knew how to go about getting a business bank loan. Based in Gurabo, , they applied for and received an SBA-guaranteed loan in 2003. The lending bank was Banco Popular De Puerto Rico, based in San Juan, .

SBA Loan Borrower

COMPANY TYPE: PHARMACEUTICAL PREPARATION MANUFACTURING
GURABO, PR 00778

SBA Loan Lender

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

The lender provided this business 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

325412 - Pharmaceutical Preparation Manufacturing

Loan Approval Date

6/30/2003

Loan Approval Gross Amount

$250,000

Loan Approval from the SBA

Of the total $250,000 loan amount, the SBA guaranteed $125,000.

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 10 employees. The SBA loan documents indicated that the loan would help retain 10 existing jobs.

Next Steps for Getting an SBA Loan

If you need business start up money in Gurabo PR, you ought to talk with a local Gurabo SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Gurabo 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.

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