Albuquerque, New Mexico Lender Lends Money to Musical Instrument And Supplies Stores Company

Find Albuquerque, New Mexico banks that specialize in SBA loans and know how to work with entrepreneurs. Bank - Albuquerque is one such bank, as evidenced by this SBA loan to one business.

Finding a small business loan in Bosque Farms, New Mexico starts with an understanding of who else has gotten loans in the area. In this case, a local company received funding from Bank - Albuquerque. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: MUSICAL INSTRUMENT AND SUPPLIES STORES
BOSQUE FARMS, NM 87068

SBA Loan Lender

BANK - ALBUQUERQUE
201 3RD ST NW, STE 1400
ALBUQUERQUE, NM 87102

This lender issued this particular SBA 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

451140 - Musical Instrument and Supplies Stores

Loan Approval Date

8/5/2003

Loan Approval Gross Amount

$95,900

Loan Approval from the SBA

Of the total $95,900 loan amount, the SBA guaranteed $81,515.

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 only one employee. The loan application did not indicate that the small business promised to use the loan proceeds to add employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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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