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January 23, 2025 |
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| Home > Small Business Lenders by State > New Mexico Business Loan Sources > Hatch, Business Loans > Bank Of The Southwest Hatch Business Loans > Services Loan | ||||
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New Mexico Bank SBA Loans
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Bank Of The Southwest SBA Loan to Services CompanyWant a New Mexico business loan? Here's one New Mexico business loan that was approved by the SBA. This local small business knew how to go about getting a business bank loan. Based in Garfield, New Mexico, they applied for and were given an SBA-guaranteed loan in 2000. The lending bank was Bank Of The Southwest, based in Hatch, New Mexico. SBA Loan Borrower COMPANY TYPE: SERVICES SBA Loan Lender BANK OF THE SOUTHWEST 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 8999 - Services Loan Approval Date 3/10/2000 Loan Approval Gross Amount $120,000 Loan Approval from the SBA Of the total $120,000 loan amount, the SBA guaranteed $90,000. More Information on This SBA Loan The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 3 employees. The SBA loan application for the borrower did not indicate that the company promised to use the loan proceeds to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan If you are interested in getting money to start a business or need money to grow a business, an SBA loan can be a great way to raise money Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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: Best Banks for Small Business in Hatch, New Mexico Browse All Business Loan Sources for New Mexico
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