Grants State Bank Gives Business Loan to Semiconductor Machinery Manufacturing Company

Small business loans in New Mexico are tough to come by these days. We take a look at one New Mexico small business loan, provided by a New Mexico bank, that was approved by the SBA.

You can learn something about getting a small business loan in Albuquerque, New Mexico by studying this loan to a local company, made back in 2005. Banks like Grants State Bank may also be willing to lend to you, given that they granted this small business loan.

SBA Loan Borrower

COMPANY TYPE: SEMICONDUCTOR MACHINERY MANUFACTURING
ALBUQUERQUE, NM 87109

SBA Loan Lender

GRANTS STATE BANK
824 W SANTA FE AVE
GRANTS, NM 87020

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This business loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

333295 - Semiconductor Machinery Manufacturing

Loan Approval Date

3/16/2005

Loan Approval Gross Amount

$35,000

Loan Approval from the SBA

Of the total $35,000 loan amount, the SBA guaranteed $31,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had only one employee. The loan application did not indicate that the small business planned to use the money to hire new employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

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

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.

Related Links:

Raising Venture Capital

Small Bank Loans in Grants, New Mexico

New Mexico SBA 7A Banks