Taos, New Mexico Bank Lends Money to Waste Management Services Company in Albuquerque, New Mexico
Thinking about meeting with a Taos, New Mexico bank about a business loan? Here's one New Mexico business loan, issued by a Taos bank, that was approved by the SBA.
Applying for an SBA loan with First Community Bank worked out well for our friends at one local business in Albuquerque, New Mexico. The business was able to get an SBA loan for $150,000. Sweet!
SBA Loan Borrower
COMPANY TYPE: WASTE MANAGEMENT SERVICES
ALBUQUERQUE, NM 87113
SBA Loan Lender
FIRST COMMUNITY BANK
120 W PLAZA
TAOS, NM 87571
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
562998 - Waste Management Services
Loan Approval Date
9/27/2005
Loan Approval Gross Amount
$150,000
Loan Approval from the SBA
Of the total $150,000 loan amount, the SBA guaranteed $112,500.
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 6 employees. The SBA loan application for the borrower indicated that the loan would help generate 1 new job and retain 6 existing jobs.
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.
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 $150,000 loan. Remember, things become real when you believe you can achieve them!
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:
Obtaining Funding From a Venture Capitalist
Small Business Banks in Taos, New Mexico
SBA Participating Banks in New Mexico