New Mexico SBA Loan Issued to Veterinary Services Company

Bank loans in New Mexico are are few and far betweeen these days. We take a look at one New Mexico bank loan, provided by a North Carolina bank, that was approved by the SBA.

This small business, based in Corrales, New Mexico, offers a good example of how small businesses get financed. Taking advantage of the SBA's guaranteed loan program, they were able to get a loan from Mountain 1st Bank & Trust. We've got the inside scoop on this New Mexico small business loan.

SBA Loan Borrower

COMPANY TYPE: VETERINARY SERVICES
Corrales, NM 87048

SBA Loan Lender

MOUNTAIN 1ST BANK & TRUST
101 JACK ST
HENDERSONVILLE, NC 28792

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

541940 - Veterinary Services

Loan Approval Date

11/26/2007

Loan Approval Gross Amount

$1,750,000

Loan Approval from the SBA

Of the total $1,750,000 loan amount, the SBA guaranteed $1,312,500.

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 5 employees. The loan application indicated that the loan would help generate 5 new jobs and retain 5 existing jobs.

Next Steps for Getting an SBA Loan

Many small businesses receive loans backed by the U.S. Small Business Administration.

We can help you find the best banks for small businesses in Corrales or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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 - Getting Venture Capital

SBA 7A Lenders in Hendersonville, North Carolina

Where to Get an SBA Loan North Carolina