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December 22, 2024 |
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| Home > Small Business Lenders by State > Business Loan Sources > San Juan, Business Loans > Economic Devel Bank For Puerto R San Juan Business Loans > Household Appliance Stores Loan | ||||
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Economic Devel Bank For Puerto R Small Business Loan
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Financing for Household Appliance StoresLooking for commercial loans for household appliance stores? The SBA may be the answer. This $32,000 household appliance stores loan was issued by a bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Naranjito, was able to borrow $32,000 from Economic Devel Bank For Puerto R. The SBA made the loan possible by guaranteeing $25,600 of this small business loan. SBA Loan Borrower COMPANY TYPE: HOUSEHOLD APPLIANCE STORES SBA Loan Lender ECONOMIC DEVEL BANK FOR PUERTO R This lender issued this particular bank loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5722 - Household Appliance Stores NAICS Code 443111 - Household Appliance Stores Loan Approval Date 11/17/2000 Loan Approval Gross Amount $32,000 Loan Approval from the SBA Of the total $32,000 loan amount, the SBA guaranteed $25,600. 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 2 employees. The SBA loan documents did not indicate that the company promised to use the loan proceeds to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans provide smart, affordable business financing for small businesses looking to expand. 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. Related Links:
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