SBA Loan from New Mexico Bank & Trust Helps Manufacturing Company
New Mexico Bank & Trust 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 2003. The lending bank was New Mexico Bank & Trust, based in Albuquerque, New Mexico.
SBA Loan Borrower
COMPANY TYPE: MANUFACTURING
CLOVIS, NM 88101
SBA Loan Lender
NEW MEXICO BANK & TRUST
320 GOLD SW
ALBUQUERQUE, NM 87102
This SBA business loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.
SBA Loan Program Type
This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.
NAICS Code
339999 - Manufacturing
Loan Approval Date
10/22/2003
Loan Approval Gross Amount
$32,000
Loan Approval from the SBA
Of the total $32,000 loan amount, the SBA guaranteed $16,000.
More Information on This SBA Loan
The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company
had 4 employees. The SBA loan application for the borrower indicated that the loan would help retain 4 existing jobs.
Great, But How Can I Get an SBA Loan for My Business?
Every year, the SBA guarantees over $10 billion for loans just like this one.
This SBA loan was for $32,000. How would you spend $32,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.
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:
Obtaining Funding - Friends and Family
SBA Participating Banks in Albuquerque, New Mexico
Browse All Business Loan Sources for New Mexico