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December 22, 2024 |
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| Home > Small Business Lenders by State > New Mexico Business Loan Sources > Roswell, Business Loans > Bank Of The Southwest Roswell Business Loans > Heavy And Civil Engineering Construction Loan | ||||
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Examples of Bloomfield SBA Loans
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Loans for Heavy and Civil Engineering ConstructionWith these loans for heavy and civil engineering construction, the SBA guarantees the lender that the loan will be repaid. This heavy and civil engineering construction loan for $75,000 was given to a New Mexico entrepreneur in 2007. This company received financial assistance through the SBA's lending programs back in 2007. They applied for an SBA loan with Bank Of The Southwest, out of Roswell, New Mexico. The loan was granted and they received $75,000 to help grow their Bloomfield, New Mexico business. SBA Loan Borrower COMPANY TYPE: HEAVY AND CIVIL ENGINEERING CONSTRUCTION SBA Loan Lender BANK OF THE SOUTHWEST This lender processed this commercial loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 237990 - Heavy and Civil Engineering Construction Loan Approval Date 9/7/2007 Loan Approval Gross Amount $75,000 Loan Approval from the SBA Of the total $75,000 loan amount, the SBA guaranteed $37,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 15 employees. The SBA loan documents indicated that the loan would help retain 15 existing jobs. Getting an SBA Loan For Your Business SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? 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: SBA Approved Banks in Roswell, New Mexico
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