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February 5, 2025 |
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| Home > Small Business Lenders by State > Business Loan Sources > Hato Rey, Business Loans > Banco Santander Puerto Rico Hato Rey Business Loans > Pesticides And Agricultural Chemicals Loan | ||||
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SBA Lenders
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Entrepreneur Works With Hato Rey, Bank to Get an SBA LoanThinking about meeting with a Hato Rey, bank about an SBA loan? Here's one business loan, issued by a Hato Rey bank, that was approved by the SBA. Applying for an SBA loan with Banco Santander Puerto Rico worked out well for our friends at one local firm in San Sebastian, . They received an SBA loan for $22,000. Great job! SBA Loan Borrower COMPANY TYPE: PESTICIDES AND AGRICULTURAL CHEMICALS SBA Loan Lender BANCO SANTANDER PUERTO RICO This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 2879 - Pesticides and Agricultural Chemicals NAICS Code 325320 - Pesticide and Agricultural Chemical Manufacturing Loan Approval Date 12/21/2001 Loan Approval Gross Amount $22,000 Loan Approval from the SBA Of the total $22,000 loan amount, the SBA guaranteed $18,700. 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 5 employees. This SBA loan request did not indicate that the company promised to use the money to add employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. This SBA loan was for $22,000. How would you spend $22,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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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