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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 > Physicians Loan | ||||
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Banks in Clovis, New Mexico That Make SBA Loans
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Clovis, New Mexico Lender Lends Money to Physicians CompanyA Clovis, New Mexico business loan can be yours. Learn how a company got a $216,500 business loan from this New Mexico bank. This loan to a local firm is a good example of an SBA loan. First Community Bank made the loan and the SBA guaranteed a portion of the loan. Many other New Mexico entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take. SBA Loan Borrower COMPANY TYPE: PHYSICIANS SBA Loan Lender FIRST COMMUNITY BANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This commercial loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 621111 - Physicians Loan Approval Date 6/20/2003 Loan Approval Gross Amount $216,500 Loan Approval from the SBA Of the total $216,500 loan amount, the SBA guaranteed $162,375. 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 4 employees. The SBA loan documents did not indicate that the company promised to use the funding to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan Don't apply for a loan directly with the SBA. You need to apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. 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: Family and Friend Investors - Your First Financiers Best Banks for Small Business in Clovis, New Mexico Getting an SBA Loan in New Mexico
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