Loan Census Banking News and Information
November 21, 2024  
 
 
  Business Loan Information  
 

How Do We Get a Business Loan in Albuquerque, New Mexico?

 

 
Loan Census SBA Loan Info

Get an SBA Loan for Jewelry Stores

Looking for bank loans for jewelry stores? Try the SBA. This $25,000 jewelry stores loan was issued by a New Mexico bank.

This small firm received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with New Mexico Bank & Trust, out of Albuquerque, New Mexico. The loan was granted and they received $25,000 to help grow their Albuquerque, New Mexico business.

SBA Loan Borrower

COMPANY TYPE: JEWELRY STORES
ALBUQUERQUE, NM 87120

SBA Loan Lender

NEW MEXICO BANK & TRUST
320 GOLD SW
ALBUQUERQUE, NM 87102

This lender processed this business loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

448310 - Jewelry Stores

Loan Approval Date

5/25/2006

Loan Approval Gross Amount

$25,000

Loan Approval from the SBA

Of the total $25,000 loan amount, the SBA guaranteed $12,500.

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 6 employees. The SBA loan application for the borrower indicated that the loan would help retain 6 existing jobs.

Getting an SBA Loan For Your Business

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

This SBA loan was for $25,000. How would you spend $25,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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:

Dealing With Venture Capitalists

SBA Approved Banks in Albuquerque, New Mexico

New Mexico SBA 7A Banks