Raising Money for Inland Water Passenger Water Transportation

With these business loans for inland water passenger water transportation, the SBA guarantees the lender that the loan will be repaid. This inland water passenger water transportation loan for $130,000 was given to a New Mexico entrepreneur in 2003.

This business knew how to go about getting a business bank loan. Based in Bloomfield, New Mexico, they applied for and were awarded an SBA-guaranteed loan in 2003. The lending bank was Washington Fed. S & L Association, based in Gallup, New Mexico.

SBA Loan Borrower

COMPANY TYPE: INLAND WATER PASSENGER WATER TRANSPORTATION
BLOOMFIELD, NM 87413

SBA Loan Lender

WASHINGTON FED. S & L ASSOCIATION
221 W AZTEC
GALLUP, NM 87301

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide SBA small business loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

483212 - Inland Water Passenger Water Transportation

Loan Approval Date

1/28/2003

Loan Approval Gross Amount

$130,000

Loan Approval from the SBA

Of the total $130,000 loan amount, the SBA guaranteed $110,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. The SBA loan documents did not indicate that the small business promised to use the loan proceeds to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

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.

While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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:

Small Business Loan

SBA Participating Banks in Gallup, New Mexico

New Mexico SBA Bank Lenders