Banco Financiero de Puerto Rico
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Banco Financiero de Puerto Rico · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 811192 | Car Washes | 2 | $435K | $218K | 16.7% |
| 722410 | Drinking Places (Alcoholic Beverages) | 1 | $69K | $69K | 8.3% |
| 339115 | Ophthalmic Goods Manufacturing | 1 | $150K | $150K | 8.3% |
| 621111 | Offices of Physicians (except Mental Health Specialists) | 1 | $50K | $50K | 8.3% |
| 811111 | General Automotive Repair | 1 | $75K | $75K | 8.3% |
Geographic Distribution
SBA lending activity for Banco Financiero de Puerto Rico by state
| State | Loans | Volume | Share |
|---|---|---|---|
| PR (PR) | 12 | $1.8M | 100.0% |
Why Choose Banco Financiero de Puerto Rico?
Based on SBA 7(a) lending track record from 1999-2002
- ✓Proven Track Record: 12 SBA loans approved, totaling $1.8M in financing
- ✓Industry Expertise: Specialized focus on Car Washes, Drinking Places (Alcoholic Beverages), Ophthalmic Goods Manufacturing
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 75 months
- ✓Loan Range: Loan sizes from $50K to $306K, with an average of $150K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in PR
Note: Approval and terms are subject to SBA and lender requirements. This profile is based on historical data and does not guarantee future lending decisions.
Frequently Asked Questions
Common questions about Banco Financiero de Puerto Rico SBA lending
What types of businesses does Banco Financiero de Puerto Rico typically finance?
Banco Financiero de Puerto Rico specializes in SBA 7(a) lending to specific industries including car washes, drinking places (alcoholic beverages), ophthalmic goods manufacturing, offices of physicians (except mental health specialists). They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Banco Financiero de Puerto Rico's typical SBA loan terms?
Banco Financiero de Puerto Rico's SBA 7(a) loans typically feature an average interest rate of — and average term length of 75 months (approximately 6 years). Loan sizes range from $50K to $306K, with an average loan size of $150K.
Do I need a business valuation for a Banco Financiero de Puerto Rico SBA loan?
Yes, Banco Financiero de Puerto Rico typically requires a professional business valuation for SBA loans over $250,000 or for change-of-ownership transactions. A certified valuation helps establish the purchase price, loan amount, and ensures SBA compliance. The valuation typically costs $5,000-$15,000 depending on business complexity.
How does Banco Financiero de Puerto Rico compare to other SBA lenders?
Banco Financiero de Puerto Rico has originated 12 SBA loans totaling $1.8M since 1999. They distinguish themselves through industry specialization and expertise in their focus sectors. Compare their rates and terms with other lenders in our Commercial Lending Directory.
What states does Banco Financiero de Puerto Rico lend in?
Banco Financiero de Puerto Rico provides SBA 7(a) financing with particularly strong presence in PR. Based on their lending history, they have experience with diverse state-specific business regulations and licensing requirements.
Research Your Target Industry Before Applying
Before applying for SBA financing, research your industry's typical loan sizes, approval rates, and specialized lenders. Understanding industry-specific financing patterns can help you find the right lender and strengthen your application.
Our industry research reports provide comprehensive intelligence for 1,000+ industries including financial benchmarks, growth trends, financing patterns, and which lenders are most active in your sector.
Explore Industry Reports →Need a Business Valuation?
Certified valuations are often required for SBA loans over $250,000.
Get your certified valuation from Fair Market Value.