Eurobank Gives Business Loan to Eating Places Company

Business loans are available to business owners through the SBA. In this case, a bank provides the loan.

Getting a small business loan in Rio Piedras, was a top priority for this SBA-financed company back in 2000 and, based on their loan application, they were successful in getting an SBA loan from Eurobank. Here are the details on this small business loan.

SBA Loan Borrower

COMPANY TYPE: EATING PLACES
RIO PIEDRAS, PR 00920

SBA Loan Lender

EUROBANK
270 MUNOZ RIVERA AVE
HATO REY, PR 00919

This lender issued this particular commercial 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

5812 - Eating Places

Loan Approval Date

9/28/2000

Loan Approval Gross Amount

$23,338

Loan Approval from the SBA

Of the total $23,338 loan amount, the SBA guaranteed $18,670.

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 10 employees. This SBA loan request did not indicate that the SBA funding recipient promised to use the loan proceeds to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

Remember, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

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.

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