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November 24, 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 > Eating Places Loan | ||||
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SBA 7A Banks in
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Financing for Limited-Service RestaurantsLooking for loans for limited-service restaurants? Try the SBA. This $112,500 limited-service restaurants loan was issued by a bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Juncos, was able to borrow $112,500 from Banco Popular De Puerto Rico. The SBA made the loan possible by guaranteeing $95,625 of this small business loan. SBA Loan Borrower COMPANY TYPE: EATING PLACES SBA Loan Lender BANCO POPULAR DE PUERTO RICO This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5812 - Eating Places NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 4/30/2003 Loan Approval Gross Amount $112,500 Loan Approval from the SBA Of the total $112,500 loan amount, the SBA guaranteed $95,625. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 9 employees. The SBA loan application for the borrower did not indicate that the small business planned to use the money to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan If you are raising money in Juncos PR, you ought to talk with a local Juncos SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Juncos businesses. This company got an SBA loan. You can too! Maybe you want money for start up business? Maybe you need money to buy a business? Regardless of why you need money, guaranteed SBA loans may be the right answer for you. 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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