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December 22, 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 > Drawing And Insulating Of Nonferrous Wire Loan | ||||
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Business Loans from Banco Popular De Puerto Rico
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Saint Thomas, Business Gets SBA-Guaranteed Funding from Banco Popular De Puerto RicoAn SBA loan from Banco Popular De Puerto Rico typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Saint Thomas, business owner got a $75,000 loan. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Saint Thomas, was able to borrow $75,000 from Banco Popular De Puerto Rico. The SBA made the loan possible by guaranteeing $63,750 of this small business loan. SBA Loan Borrower COMPANY TYPE: DRAWING AND INSULATING OF NONFERROUS WIRE SBA Loan Lender BANCO POPULAR DE PUERTO RICO This was a Low Documentation SBA loan. The SBA started this program to reduce the paperwork associated with getting a loan . The low-doc program requires completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 3357 - Drawing and Insulating of Nonferrous Wire NAICS Code 335921 - Fiber Optic Cable Manufacturing Loan Approval Date 8/14/2003 Loan Approval Gross Amount $75,000 Loan Approval from the SBA Of the total $75,000 loan amount, the SBA guaranteed $63,750. 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 3 employees. This SBA loan request did not indicate that the business promised to use the loan proceeds to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! If you are wondering how to raise money for a business in Saint Thomas VI, you ought to talk with a local Saint Thomas SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Saint Thomas businesses. 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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