Entrepreneur Works With San Juan, Bank to Get an SBA Loan
Thinking about meeting with a San Juan, bank about a business loan? Here's one business loan, issued by a San Juan bank, that was approved by the SBA.
Applying for an SBA loan with Banco Popular De Puerto Rico worked out well for our friends at one local firm in San German, . They received an SBA loan for $90,000. Nice!
SBA Loan Borrower
COMPANY TYPE: BAKED GOODS STORES
SAN GERMAN, PR 00683
SBA Loan Lender
BANCO POPULAR DE PUERTO RICO
209 MUNOZ RIVERA AVE, POPULAR
SAN JUAN, PR 00918
This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
445291 - Baked Goods Stores
Loan Approval Date
10/20/2006
Loan Approval Gross Amount
$90,000
Loan Approval from the SBA
Of the total $90,000 loan amount, the SBA guaranteed $76,500.
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 only one employee. The SBA loan documents indicated that the loan would help generate 5 new jobs and retain 1 existing job.
Start the Process for Getting an SBA Loan Today!
If you are wondering how to raise money for a business in San German PR, you ought to talk with a local San German SBA lender or talk with an out-of-area SBA lender that has previously loaned money to San German businesses.
If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from Banco Popular De Puerto Rico so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.
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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