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May 2, 2024 |
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| Home > Small Business Lenders by State > Business Loan Sources > Catano, Business Loans > Doral Bank Catano Business Loans > Martin-Bbq-Laguna Gardens Loan | ||||
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San Juan, Bank Loan
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Borrow Money to Buy a Martin's Bbq FranchiseNeed money to buy a Martin's Bbq franchise? Doral Bank has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a Martin's Bbq franchise may simply require a phone call to a local SBA banker. In 2006, Doral Bank issued an SBA franchise loan to an entrepreneur in San Juan, . 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 MARTIN-BBQ-LAGUNA GARDENS SBA Loan Lender DORAL BANK The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide SBA bank loans to American small businesses. 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 2/22/2006 Loan Approval Gross Amount $247,500 Loan Approval from the SBA Of the total $247,500 loan amount, the SBA guaranteed $185,625. 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 4 employees. The loan application did not indicate that the SBA funding recipient promised to use the funding to add employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? Many small businesses receive loans backed by the U.S. Small Business Administration. We can help you find the best banks for small businesses in San Juan or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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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