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November 22, 2024 |
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| Home > Small Business Lenders by State > New Mexico Business Loan Sources > Flemington, Business Loans > Commerce Bank Flemington Business Loans > Consumer Goods Rental Loan | ||||
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Albuquerque, New Mexico Bank Loan
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Bank Loans for Consumer Goods RentalLooking for bank loans for consumer goods rental? Talk to a banker who works with the SBA. This $289,000 consumer goods rental loan was issued by a New Jersey bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Albuquerque, New Mexico was able to borrow $289,000 from Commerce Bank. The SBA made the loan possible by guaranteeing $216,750 of this New Mexico small business loan. SBA Loan Borrower COMPANY TYPE: CONSUMER GOODS RENTAL SBA Loan Lender COMMERCE BANK This lender provides SBA bank loans 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 532299 - Consumer Goods Rental Loan Approval Date 8/28/2007 Loan Approval Gross Amount $289,000 Loan Approval from the SBA Of the total $289,000 loan amount, the SBA guaranteed $216,750. 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 no employees. This SBA loan request indicated that the borrowed money would help create 3 new jobs. Great, But How Can I Get an SBA Loan for My Business? SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $289,000 loan. Remember, fight for what you want, and it will be yours! 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: SBA 7A Banks in Flemington, New Jersey
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