Entrepreneur Works With Albuquerque, New Mexico Bank to Get an SBA Loan

Find Albuquerque, New Mexico banks that specialize in small business loans and know how to work with entrepreneurs. Main Bank is one such bank, as evidenced by this SBA loan to one business.

Finding a small business loan in Albuquerque, New Mexico starts with an understanding of who else has gotten loans in the area. In this case, a local company received funding from Main Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: FOOD STORES
ALBUQUERQUE, NM 87108

SBA Loan Lender

MAIN BANK
2424 LOUISIANA BLVD NE
ALBUQUERQUE, NM 87110

This lender issued this particular bank loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5499 - Food Stores

Loan Approval Date

1/3/2000

Loan Approval Gross Amount

$12,100

Loan Approval from the SBA

Of the total $12,100 loan amount, the SBA guaranteed $9,680.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had only one employee. The SBA loan application for the borrower did not indicate that the business promised to use the funding to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

If you are wondering how to find money to start a business or already have a business and need money to expand, an SBA loan can be a great source of funding.

While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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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