 |
 |
November 15, 2024 |
|
|
|
|
||
| Home > Small Business Lenders by State > New Mexico Business Loan Sources > Hobbs, Business Loans > Lea County State Bank Hobbs Business Loans > Car Washes Loan | ||||
 |
||||
New Mexico SBA Banks
|
||||
 |
Hobbs, New Mexico Lender Lends Money to Car Washes CompanyThinking about meeting with a Hobbs, New Mexico bank about a small business loan? Here's one New Mexico business loan, issued by a Hobbs bank, that was approved by the SBA. Applying for an SBA loan with Lea County State Bank worked out well for our friends at one local company in Eunice, New Mexico. The business was able to get an SBA loan for $96,200. Awesome! SBA Loan Borrower COMPANY TYPE: CAR WASHES SBA Loan Lender LEA COUNTY STATE BANK This was a Low Documentation SBA loan. The SBA created this program to minimize the paperwork associated with getting a loan . The low-doc program involves completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 811192 - Car Washes Loan Approval Date 9/9/2005 Loan Approval Gross Amount $96,200 Loan Approval from the SBA Of the total $96,200 loan amount, the SBA guaranteed $81,770. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had only one employee. This SBA loan request did not indicate that the small business planned to use the funding to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans provide smart, affordable business financing for small businesses looking to expand. This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. 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: Good Banks for Small Business in Hobbs, New Mexico
|
|
||
|
||||
|
|
||||