Albuquerque, New Mexico Bank Gives SBA Loan to Furniture Stores Company

Want to talk with an Albuquerque, New Mexico bank about an SBA loan? Here's one New Mexico business loan, issued by an Albuquerque 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 firm in Belen, New Mexico. They received an SBA loan for $50,000. Great job!

SBA Loan Borrower

COMPANY TYPE: FURNITURE STORES
BELEN, NM 87031

SBA Loan Lender

FIRST COMMUNITY BANK
111 LOMAS NW
ALBUQUERQUE, NM 87102

This lender issued this particular SBA business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

442110 - Furniture Stores

Loan Approval Date

10/23/2001

Loan Approval Gross Amount

$50,000

Loan Approval from the SBA

Of the total $50,000 loan amount, the SBA guaranteed $42,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 4 employees. The SBA loan application for the borrower did not indicate that the small business planned to use the money to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loans provide money to small business owners for working capital for other expenses.

This company got an SBA loan. You can too! Maybe you need seed money for a small 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.

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