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December 20, 2024 |
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| Home > Small Business Lenders by State > New Mexico Business Loan Sources > Clovis, Business Loans > Western Bank Of Clovis Clovis Business Loans > Iron And Steel Mills Loan | ||||
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Western Bank Of Clovis
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Business Loan from Western Bank Of Clovis Given to Iron And Steel Mills CompanyWestern Bank Of Clovis has a track record as a leading provider of SBA loans. Find out how this New Mexico entrepreneur received an SBA loan from them. This business knew how to go about getting a business bank loan. Based in Clovis, New Mexico, they applied for and received an SBA-guaranteed loan in 2004. The lending bank was Western Bank Of Clovis, based in Clovis, New Mexico. SBA Loan Borrower COMPANY TYPE: IRON AND STEEL MILLS SBA Loan Lender WESTERN BANK OF CLOVIS This SBA loan was issued under the SBA's Certified Lenders Program (CLP), which means that this bank has a successful SBA lending background and a thorough understanding of SBA policies and procedures. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 331111 - Iron and Steel Mills Loan Approval Date 7/15/2004 Loan Approval Gross Amount $237,500 Loan Approval from the SBA Of the total $237,500 loan amount, the SBA guaranteed $178,125. More Information on This SBA Loan The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 3 employees. The SBA loan documents did not indicate that the SBA funding recipient planned 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. While you may be able to borrow money from friends and family, 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:
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