Cafeterias, Grill Buffets, and Buffets Bank Loans

Looking for bank loans for cafeterias, grill buffets, and buffets? Talk to a banker who works with the SBA. This $117,033 cafeterias, grill buffets, and buffets loan was issued by a bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Toa Baja, was able to borrow $117,033 from Banco Popular De Puerto Rico. The SBA made the loan possible by guaranteeing $99,478 of this small business loan.

SBA Loan Borrower

COMPANY TYPE: EATING PLACES
TOA BAJA, PR 00949

SBA Loan Lender

BANCO POPULAR DE PUERTO RICO
209 MUNOZ RIVERA AVE, POPULAR
SAN JUAN, PR 00918

This loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

NAICS Code

722212 - Cafeterias, Grill Buffets, and Buffets

Loan Approval Date

8/2/2002

Loan Approval Gross Amount

$117,033

Loan Approval from the SBA

Of the total $117,033 loan amount, the SBA guaranteed $99,478.

More Information on This SBA Loan

The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 12 employees. The loan application did not indicate that the small business promised to use the loan proceeds to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

While you may be able to borrow money from friends and family, 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.

Related Links:

Microlending as a Small Business Funding Source