Loan Census Banking News and Information
December 26, 2024  
 
 
  Business Loan Information  
 

Raising Money in Fairacres, New Mexico With SBA Loans

 

 
Loan Census SBA Loan Info

SBA Loans for Electronic Shopping

With these SBA loans for electronic shopping, the SBA guarantees the lender that the loan will be repaid. This electronic shopping loan for $25,000 was given to a New Mexico entrepreneur in 2007.

Getting a small business loan in Fairacres, New Mexico was important for this small business back in 2007 and, based on their loan application, they were successful in getting an SBA loan from State National Bank, operating out of Fort Worth, Texas. Here are the details on this New Mexico small business loan.

SBA Loan Borrower

COMPANY TYPE: ELECTRONIC SHOPPING
FAIRACRES, NM 88033

SBA Loan Lender

STATE NATIONAL BANK
4500 MERCANTILE PLZA, STE 300
FORT WORTH, TX 76137

This lender processed this SBA bank loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

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

454111 - Electronic Shopping

Loan Approval Date

3/20/2007

Loan Approval Gross Amount

$25,000

Loan Approval from the SBA

Of the total $25,000 loan amount, the SBA guaranteed $12,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing 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 retain 5 existing jobs.

Start the Process for Getting an SBA Loan Today!

Every year, the SBA guarantees over $10 billion for loans just like this one.

We can help you find the best banks for small businesses in Fairacres 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:

Borrowing Money from Friends and Family

Small Business Banks in Fort Worth, Texas

Texas SBA 7A Banks