Borrow Money to Buy a Martin's Bbq Franchise

Need a loan to buy a Martin's Bbq franchise? Banco Santander Puerto Rico has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Martin's Bbq franchise shouldn't be too tough. In 2007, Banco Santander Puerto Rico issued an SBA franchise loan to an entrepreneur in Cabo Rojo, . Because Martin's Bbq was registered with the SBA's registry of franchises, this small business loan was issued on an expedited basis.

SBA Loan Borrower

MARTINS BBQ FRANCHISE OF CABO
CABO ROJO, PR 00683

SBA Loan Lender

BANCO SANTANDER PUERTO RICO
AVE PONCE DE LEON 207
HATO REY, PR 00918

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide small business loans to to our country's hard-working small business owners.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

3/23/2007

Loan Approval Gross Amount

$250,000

Loan Approval from the SBA

Of the total $250,000 loan amount, the SBA guaranteed $187,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Martin's Bbq franchise. At the time of the loan, the company had 18 employees. The SBA loan documents indicated that the loan would help generate 17 new jobs and retain 1 existing job.

Next Steps for Getting an SBA Loan

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

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Banco Santander Puerto Rico and they will explain how you can get an SBA loan for your company.

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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