Loan to Buy Martin's Bbq Franchise Issued By Banco Santander Puerto Rico

Need money to purchase 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 may simply require a phone call to a local SBA banker. In 2003, Banco Santander Puerto Rico issued an SBA franchise loan to an entrepreneur in Toa Baja, . 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'S BBQ - PLAZA ALTA MALL
TOA BAJA, PR 00949

SBA Loan Lender

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

This lender provides SBA debt financing as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

2/21/2003

Loan Approval Gross Amount

$217,000

Loan Approval from the SBA

Of the total $217,000 loan amount, the SBA guaranteed $162,750.

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 13 employees. This SBA loan request indicated that the funding would help create 13 new jobs.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

We can help you find the best banks for small businesses in Toa Baja 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.

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