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April 28, 2024 |
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| Home > Small Business Lenders by State > Business Loan Sources > San Juan, Business Loans > Banco Popular De Puerto Rico San Juan Business Loans > Shred It Loan | ||||
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Where to Get an SBA Loan to Purchase a Franchise
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Borrow Money to Buy a Shred-It FranchiseNeed a loan to purchase a Shred-It franchise? Banco Popular De Puerto Rico has a history of making these loans and they are guaranteed by the SBA. Want to borrow money to buy a Shred-It franchise? If so, here's a 2003 SBA franchise loan that you should know about. Banco Popular De Puerto Rico was the lender and the entrepreneur was based in San Juan, . SBA Loan Borrower SHRED IT SBA Loan Lender BANCO POPULAR DE PUERTO RICO As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 561499 - Business Support Services Loan Approval Date 5/27/2003 Loan Approval Gross Amount $233,000 Loan Approval from the SBA Of the total $233,000 loan amount, the SBA guaranteed $174,750. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Shred-It franchise. At the time of the loan, the company had 13 employees. This SBA loan request indicated that the loan would help retain 13 existing jobs. Getting an SBA Loan For Your Business Remember, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from Banco Popular De Puerto Rico so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. 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: Raising VC Money for Social Networking Companies
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