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November 21, 2024 |
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| Home > Small Business Lenders by State > Business Loan Sources > Santurce, Business Loans > Firstbank Puerto Rico Santurce Business Loans > New Single-Family Housing Construction Loan | ||||
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SBA 7A Lenders
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Santurce, Bank Gives SBA Loan to New Single-Family Housing Construction CompanyThinking about meeting with a Santurce, bank about an SBA loan? Here's one business loan, issued by a Santurce bank, that was approved by the SBA. Applying for an SBA loan with Firstbank Puerto Rico worked out well for our friends at one local firm in San Sebastian, . They got an SBA loan for $250,000. Awesome! SBA Loan Borrower COMPANY TYPE: NEW SINGLE-FAMILY HOUSING CONSTRUCTION SBA Loan Lender FIRSTBANK PUERTO RICO This lender processed this small business loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 236115 - New Single-Family Housing Construction Loan Approval Date 6/30/2005 Loan Approval Gross Amount $250,000 Loan Approval from the SBA Of the total $250,000 loan amount, the SBA guaranteed $125,000. 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 10 employees. This SBA loan request indicated that the loan would help generate 20 new jobs and retain 20 existing jobs. Next Steps for Getting an SBA Loan SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses. This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer for you. 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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