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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 > First Community Bank Clovis Business Loans > Optical Goods Stores Loan | ||||
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First Community Bank
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First Community Bank SBA Loan to Optical Goods Stores CompanyFirst Community Bank has a track record as a leading provider of SBA loans. Find out how this New Mexico entrepreneur received an SBA loan from them. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Clovis, New Mexico was able to borrow $26,300 from First Community Bank. The SBA made the loan possible by guaranteeing $21,040 of this New Mexico small business loan. SBA Loan Borrower COMPANY TYPE: OPTICAL GOODS STORES SBA Loan Lender FIRST COMMUNITY BANK This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5995 - Optical Goods Stores Loan Approval Date 8/9/2000 Loan Approval Gross Amount $26,300 Loan Approval from the SBA Of the total $26,300 loan amount, the SBA guaranteed $21,040. 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 3 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the loan proceeds to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business SBA loans provide money to small business owners for working capital for other expenses. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like First Community Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you. 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: Best Clovis, New Mexico Banks for Small Business
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