Albuquerque, New Mexico Lender Lends Money to Fitness And Recreational Sports Centers Company

An Albuquerque, New Mexico SBA loan can be yours. Learn how a business got a $351,050 business loan from this New Mexico bank.

This loan to a local firm is a good example of an SBA loan. Bank - Albuquerque made the loan and the SBA guaranteed a portion of the loan. Many other New Mexico entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take.

SBA Loan Borrower

COMPANY TYPE: FITNESS AND RECREATIONAL SPORTS CENTERS
ALBUQUERQUE, NM 87108

SBA Loan Lender

BANK - ALBUQUERQUE
201 3RD ST NW, STE 1400
ALBUQUERQUE, NM 87102

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide bank loans to to our country's hard-working small business owners.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

713940 - Fitness and Recreational Sports Centers

Loan Approval Date

3/5/2003

Loan Approval Gross Amount

$351,050

Loan Approval from the SBA

Of the total $351,050 loan amount, the SBA guaranteed $263,288.

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 6 employees. The SBA loan documents did not indicate that the business promised to use the money to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from Bank - Albuquerque so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

Business Line of Credit

SBA Participating Banks in Albuquerque, New Mexico

SBA New Mexico Lenders