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November 23, 2024 |
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| Home > Small Business Lenders by State > New Mexico Business Loan Sources > Farmington, Business Loans > Bank Of The Southwest Farmington Business Loans > Photofinishing Laboratories Loan | ||||
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SBA Lender Farmington
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Farmington, New Mexico Bank Lends Money to Photofinishing Laboratories Company in Farmington, New MexicoA Farmington, New Mexico small business loan can be yours. Learn how a business got a $122,800 business loan from this New Mexico bank. This loan to an entrepreneur is a good example of an SBA loan. Bank Of The Southwest 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: PHOTOFINISHING LABORATORIES SBA Loan Lender BANK OF THE SOUTHWEST This lender issued this particular loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 812921 - Photofinishing Laboratories Loan Approval Date 3/25/2002 Loan Approval Gross Amount $122,800 Loan Approval from the SBA Of the total $122,800 loan amount, the SBA guaranteed $104,380. 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 12 employees. The loan application did not indicate that the company promised to use the money to add employees or retain any existing employees. Next Steps for Getting an SBA Loan Many small businesses receive loans backed by the U.S. Small Business Administration. This SBA loan was for $122,800. How would you spend $122,800 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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: Banks in Farmington, New Mexico
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