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April 29, 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 > F & G Business And Services Un Loan | ||||
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Small Business Funding for Franchises
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Banco Popular De Puerto Rico Provides SBA Loan to Buy Mail Boxes Etc. Usa FranchiseBorrowing money to purchase a Mail Boxes Etc. Usa franchise? Banco Popular De Puerto Rico has a history of making these loans and they are guaranteed by the SBA. Mail Boxes Etc. Usa franchise loans are available to Carolina, entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Banco Popular De Puerto Rico, based in San Juan, , issued an SBA franchise loan for a Mail Boxes Etc. Usa franchise in 2005. We've got all the details on this small business loan. SBA Loan Borrower F & G BUSINESS AND SERVICES UN SBA Loan Lender BANCO POPULAR DE PUERTO RICO This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 491110 - Postal Service Loan Approval Date 4/4/2005 Loan Approval Gross Amount $25,000 Loan Approval from the SBA Of the total $25,000 loan amount, the SBA guaranteed $12,500. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Mail Boxes Etc. Usa franchise. At the time of the loan, the company had 2 employees. This SBA loan request indicated that the loan would help retain 2 existing jobs. Next Steps for Getting an SBA Loan The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Banco Popular De Puerto Rico and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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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