Mental Health Practitioners Small Business Loans

Looking for small business loans for mental health practitioners? The SBA may be the answer. This $92,400 mental health practitioners loan was issued by a New Mexico bank.

This company knew how to go about getting a business bank loan. Based in Farmington, New Mexico, they applied for and were awarded an SBA-guaranteed loan in 2000. The lending bank was The Citizens Bank, based in Farmington, New Mexico.

SBA Loan Borrower

COMPANY TYPE: HEALTH AND ALLIED SERVICES
FARMINGTON, NM 87401

SBA Loan Lender

THE CITIZENS BANK
500 W BROADWAY
FARMINGTON, NM 87401

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

8099 - Health and Allied Services

NAICS Code

621330 - Mental Health Practitioners

Loan Approval Date

10/3/2000

Loan Approval Gross Amount

$92,400

Loan Approval from the SBA

Of the total $92,400 loan amount, the SBA guaranteed $73,920.

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 2 employees. This SBA loan request did not indicate that the SBA funding recipient planned to use the funding to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

We can help you find the best banks for small businesses in Farmington 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.

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