Taos, New Mexico Lender Lends Money to Women's Clothing Stores Company
Want to talk 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 $85,000. Great job!
SBA Loan Borrower
COMPANY TYPE: WOMEN'S CLOTHING STORES
ALBUQUERQUE, NM 87109
SBA Loan Lender
FIRST COMMUNITY BANK
120 W PLAZA
TAOS, NM 87571
As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
448120 - Women's Clothing Stores
Loan Approval Date
4/13/2007
Loan Approval Gross Amount
$85,000
Loan Approval from the SBA
Of the total $85,000 loan amount, the SBA guaranteed $72,250.
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. This SBA loan request indicated that the loan would help generate 1 new job and retain 2 existing jobs.
Great, But How Can I Get an SBA Loan for My Business?
Many small businesses receive loans backed by the U.S. Small Business Administration.
This company got an SBA loan. You can too! Maybe you want money for start up business? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer for 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:
Business Credit Evaluation
SBA 7A Lenders in Taos, New Mexico
Getting a Business Loan in New Mexico