Financing for Full-Service Restaurants
Looking for commercial loans for full-service restaurants? Talk to a banker who works with the SBA. This $324,000 full-service restaurants loan was issued by a bank.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Santurce, was able to borrow $324,000 from Banco Popular De Puerto Rico. The SBA made the loan possible by guaranteeing $243,000 of this small business loan.
SBA Loan Borrower
COMPANY TYPE: EATING PLACES
SANTURCE, PR 00914
SBA Loan Lender
BANCO POPULAR DE PUERTO RICO
209 MUNOZ RIVERA AVE, POPULAR
SAN JUAN, PR 00918
SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA small business loan was issued via the SBA 7a lending program.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
5812 - Eating Places
NAICS Code
722110 - Full-Service Restaurants
Loan Approval Date
9/25/2003
Loan Approval Gross Amount
$324,000
Loan Approval from the SBA
Of the total $324,000 loan amount, the SBA guaranteed $243,000.
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 8 employees. This SBA loan request did not indicate that the business planned to use the loan proceeds to hire new employees or retain any existing employees.
Great, But How Can I Get an SBA Loan for My Business?
SBA loans provide money to small business owners for working capital for other expenses.
While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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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