Raising Money for Metal Window and Door Manufacturing
Looking for business loans for metal window and door manufacturing? The SBA may be the answer. This $136,000 metal window and door manufacturing loan was issued by a New Mexico bank.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Albuquerque, New Mexico was able to borrow $136,000 from First Community Bank. The SBA made the loan possible by guaranteeing $115,600 of this New Mexico small business loan.
SBA Loan Borrower
COMPANY TYPE: METAL WINDOW AND DOOR MANUFACTURING
ALBUQUERQUE, NM 87111
SBA Loan Lender
FIRST COMMUNITY BANK
5501 WILSHIRE AVE NE
ALBUQUERQUE, NM 87109
This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
332321 - Metal Window and Door Manufacturing
Loan Approval Date
7/22/2003
Loan Approval Gross Amount
$136,000
Loan Approval from the SBA
Of the total $136,000 loan amount, the SBA guaranteed $115,600.
More Information on This SBA Loan
The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company
had 3 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the money to increase staffing levels or retain any existing employees.
Next Steps for Getting an SBA Loan
If you need money to start a small business or need money to grow a business, an SBA loan can be a great source of funding.
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 $136,000 loan. Remember, anyone can do it... so why not you?
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:
Startup Funding Tip
SBA Approved Banks in Albuquerque, New Mexico
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