Loan Census Banking News and Information
December 21, 2024  
 
 
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New Mexico Small Business Funding

 

 
Loan Census SBA Loan Info

Borrowing Money for Solid Waste Collection

Looking for small business loans for solid waste collection? Try the SBA. This $100,000 solid waste collection loan was issued by a New Mexico bank.

Getting a small business loan in Albuquerque, New Mexico was important for this company back in 2002 and, based on their loan application, they were successful in getting an SBA loan from First Community Bank, operating out of Belen, New Mexico. Here are the details on this New Mexico small business loan.

SBA Loan Borrower

COMPANY TYPE: SOLID WASTE COLLECTION
ALBUQUERQUE, NM 87125

SBA Loan Lender

FIRST COMMUNITY BANK
620 REINKEN AVE
BELEN, NM 87002

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

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

562111 - Solid Waste Collection

Loan Approval Date

12/19/2002

Loan Approval Gross Amount

$100,000

Loan Approval from the SBA

Of the total $100,000 loan amount, the SBA guaranteed $85,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 2 employees. The SBA loan documents did not indicate that the company promised to use the funding to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

If you need business start up money in Albuquerque NM, you ought to talk with a local Albuquerque SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Albuquerque businesses.

We've showcased information on this loan to let you know that businesses like yours 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.

Related Links:

Startup Funding Tip

Find an SBA Lender in Belen, New Mexico

New Mexico SBA 7A Lenders