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November 14, 2024 |
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| Home > Small Business Lenders by State > New Mexico Business Loan Sources > Alamogordo, Business Loans > Alamogordo Fed. S & L Association Alamogordo Business Loans > Electrical And Electronic Appliance, Television, And Radio Sets Loan | ||||
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Getting an SBA Loan in Alamogordo, New Mexico
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Alamogordo Fed. S & L Association Gives Bank Loan to Electrical And Electronic Appliance, Television, And Radio Sets CompanySBA loans in New Mexico are hard to find these days. We take a look at one New Mexico SBA loan, provided by a New Mexico bank, that was approved by the SBA. You can learn something about getting a small business loan in Alamogordo, New Mexico by studying this loan to a local business, made back in 2003. Banks like Alamogordo Fed. S & L Association may also be willing to lend to you, given that they granted this small business loan. SBA Loan Borrower COMPANY TYPE: ELECTRICAL AND ELECTRONIC APPLIANCE, TELEVISION, AND RADIO SETS SBA Loan Lender ALAMOGORDO FED. S & L ASSOCIATION This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 423620 - Electrical and Electronic Appliance, Television, and Radio Sets Loan Approval Date 8/8/2003 Loan Approval Gross Amount $135,000 Loan Approval from the SBA Of the total $135,000 loan amount, the SBA guaranteed $114,750. More Information on This SBA Loan The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower did not indicate that the company planned to use the funding to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $135,000 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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: Raising VC Money for Social Networking Companies Best Alamogordo, New Mexico Banks for Small Business
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