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April 27, 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 > Carvel Loan | ||||
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Where Can I Find Franchise Loans in San Juan, ?
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San Juan, PR Entrepreneur Gets SBA Loan to Buy Carvel Ice Cream FranchiseBorrowing money to invest in a Carvel Ice Cream franchise? Banco Santander Puerto Rico has a history of making these loans and they are guaranteed by the SBA. Carvel Ice Cream franchise loans are available to San Juan, 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 Carvel Ice Cream franchise in 2003. We've got all the details on this small business loan. SBA Loan Borrower CARVEL SBA Loan Lender BANCO SANTANDER PUERTO RICO This lender issued this particular business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5813 - Drinking Places NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 12/23/2003 Loan Approval Gross Amount $144,000 Loan Approval from the SBA Of the total $144,000 loan amount, the SBA guaranteed $122,400. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Carvel Ice Cream franchise. At the time of the loan, the company had 3 employees. This SBA loan request did not indicate that the business promised to use the loan proceeds to add employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? 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 Santander 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: How Much Venture Capital Is There?
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