Loan Census Banking News and Information
November 14, 2024  
 
 
  Business Loan Information  
 

Who Lends Money to Albuquerque Small Businesses

 

 
Loan Census SBA Loan Info

Albuquerque, New Mexico Entrepreneur Gets a Small Business Loan

Would a New Mexico SBA loan help your business get to the next level? If so, you may want to talk with this Arizona bank, which offers SBA loans to New Mexico entrepreneurs.

You can learn something about getting a small business loan in Albuquerque, New Mexico by studying this loan to a local business, made back in 2001. Banks like Sunrise Bank Of Arizona may also be willing to lend to you, given that they granted this small business loan.

SBA Loan Borrower

COMPANY TYPE: PLUMBING, HEATING, AND AIR CONDITIONING CONTRACTORS
ALBUQUERQUE, NM 87102

SBA Loan Lender

SUNRISE BANK OF ARIZONA
4350 E CAMELBACK RD, STE 100
PHOENIX, AZ 85018

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

235110 - Plumbing, Heating, and Air Conditioning Contractors

Loan Approval Date

7/17/2001

Loan Approval Gross Amount

$181,900

Loan Approval from the SBA

Of the total $181,900 loan amount, the SBA guaranteed $136,425.

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 documents indicated that the loan would help retain 1 existing job.

Getting an SBA Loan For Your Business

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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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