Loan Census Banking News and Information
November 15, 2024  
 
 
  Business Loan Information  
 

Clovis, New Mexico Bank Loan

 

 
Loan Census SBA Loan Info

Financing for Chiropractors

Looking for loans for chiropractors? Talk to a banker who works with the SBA. This $244,784 chiropractors loan was issued by a New Mexico bank.

This small firm knew how to go about getting a business bank loan. Based in Clovis, New Mexico, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was First Community Bank, based in Clovis, New Mexico.

SBA Loan Borrower

COMPANY TYPE: CHIROPRACTORS
CLOVIS, NM 88101

SBA Loan Lender

FIRST COMMUNITY BANK
801 PILE ST
CLOVIS, NM 88101

This lender issued this SBA small business loan under the SBA 7A lending program , 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

621310 - Chiropractors

Loan Approval Date

1/18/2002

Loan Approval Gross Amount

$244,784

Loan Approval from the SBA

Of the total $244,784 loan amount, the SBA guaranteed $183,588.

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 3 employees. This SBA loan request did not indicate that the business promised to use the funding to hire new employees or retain any existing employees.

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

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

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like First Community Bank and they will explain how you can get an SBA loan for your company.

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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