Clayton, New Mexico Bank Gives SBA Loan to Ice Manufacturing Company

Find Clayton, New Mexico banks that specialize in business loans and know how to work with entrepreneurs. 1st National Bank - New Mexico is one such bank, as evidenced by this SBA loan to one business.

Finding a small business loan in Clayton, New Mexico starts with an understanding of who else has gotten loans in the area. In this case, a small company received funding from 1st National Bank - New Mexico. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: ICE MANUFACTURING
CLAYTON, NM 88415

SBA Loan Lender

1ST NATIONAL BANK - NEW MEXICO
201 MAIN ST
CLAYTON, NM 88415

This lender issued this loan for a small business under the SBA's 7A loan, in which the SBA provides guaranteed loans to small business owners. This lending program was started in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

312113 - Ice Manufacturing

Loan Approval Date

1/28/2003

Loan Approval Gross Amount

$110,000

Loan Approval from the SBA

Of the total $110,000 loan amount, the SBA guaranteed $93,500.

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 2 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the money to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

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:

Famous Venture Capitalists

Find an SBA Lender in Clayton, New Mexico

SBA Participating Banks in New Mexico