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January 5, 2025 |
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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 > Eating Places Loan | ||||
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How to Get SBA Loans in Rincon,
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Borrowing Money for Full-Service RestaurantsLooking for loans for full-service restaurants? Talk to a banker who works with the SBA. This $293,816 full-service restaurants loan was issued by a bank. This small firm knew how to go about getting a business bank loan. Based in Rincon, , they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was Economic Devel Bank For Puerto R, based in San Juan, . SBA Loan Borrower COMPANY TYPE: EATING PLACES SBA Loan Lender ECONOMIC DEVEL BANK FOR PUERTO R SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA small 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 722110 - Full-Service Restaurants Loan Approval Date 2/28/2002 Loan Approval Gross Amount $293,816 Loan Approval from the SBA Of the total $293,816 loan amount, the SBA guaranteed $220,362. 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 14 employees. The loan application did not indicate that the small business promised to use the funding to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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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