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December 23, 2024 |
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| Home > Small Business Lenders by State > New Mexico Business Loan Sources > Truth Or Consequences, Business Loans > Bank Of The Southwest Truth Or Consequences Business Loans > Food Manufacturing Loan | ||||
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How Do We Get a Business Loan in Arrey, New Mexico?
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Where to Get Capital for Food ManufacturingWith these SBA loans for food manufacturing, the SBA guarantees the lender that the loan will be repaid. This food manufacturing loan for $52,100 was given to a New Mexico entrepreneur in 2002. This small business knew how to go about getting a business bank loan. Based in Arrey, New Mexico, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was Bank Of The Southwest, based in Truth Or Consequences, New Mexico. SBA Loan Borrower COMPANY TYPE: FOOD MANUFACTURING SBA Loan Lender BANK OF THE SOUTHWEST This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 311999 - Food Manufacturing Loan Approval Date 2/26/2002 Loan Approval Gross Amount $52,100 Loan Approval from the SBA Of the total $52,100 loan amount, the SBA guaranteed $44,285. More Information on This SBA Loan The borrower borrowed this money for an existing 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 18 employees. The loan application did not indicate that the SBA funding recipient promised to use the loan proceeds to add employees or retain any existing employees. Getting an SBA Loan For Your Business The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. 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: Find an SBA Lender in Truth Or Consequences, New Mexico
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