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May 4, 2024 |
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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 > Taco Maker Loan | ||||
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Toa Alta, Bank for SBA Loans
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Banco Santander Puerto Rico Provides SBA Loan to Buy Taco Maker FranchiseNeed money to invest in a Taco Maker franchise? Banco Santander Puerto Rico has a history of making these loans and they are guaranteed by the SBA. Taco Maker franchise loans are available to Toa Alta, entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Banco Santander Puerto Rico, based in Hato Rey, , issued an SBA franchise loan for a Taco Maker franchise in 2001. We've got all the details on this small business loan. SBA Loan Borrower TACO MAKER SBA Loan Lender BANCO SANTANDER PUERTO RICO This was a Low Documentation SBA loan. The SBA created this program to reduce the paperwork associated with getting a loan . The low-doc program involves completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Currently, $100,000 is the maximum loan amount. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5812 - Eating Places NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 11/23/2001 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $127,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Taco Maker franchise. At the time of the loan, the company had 7 employees. This SBA loan request did not indicate that the company promised to use the loan proceeds to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans provide smart, affordable business financing for small businesses looking to expand. This SBA loan was for $150,000. How would you spend $150,000 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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