Business Loan from Economic Devel Bank For Puerto R Given to Motion Picture Theaters Company

Economic Devel Bank For Puerto R has a track record as a leading provider of SBA loans. Find out how this entrepreneur received an SBA loan from them.

This business knew how to go about getting a business bank loan. Based in Vega Baja, , they applied for and received an SBA-guaranteed loan in 2002. The lending bank was Economic Devel Bank For Puerto R, based in San Juan, .

SBA Loan Borrower

COMPANY TYPE: MOTION PICTURE THEATERS
VEGA BAJA, PR 00693

SBA Loan Lender

ECONOMIC DEVEL BANK FOR PUERTO R
638 ALDEBARAN ST, RIO PIEDRAS
SAN JUAN, PR 00920

This lender issued this debt financing under the SBA's 7A loan, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7832 - Motion Picture Theaters

NAICS Code

512131 - Motion Picture Theaters

Loan Approval Date

6/13/2002

Loan Approval Gross Amount

$370,556

Loan Approval from the SBA

Of the total $370,556 loan amount, the SBA guaranteed $277,917.

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. The SBA loan documents did not indicate that the SBA funding recipient promised to use the money to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

Every year, the SBA guarantees over $10 billion for loans just like this one.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Economic Devel Bank For Puerto R are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there 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.

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