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November 15, 2024 |
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| Home > Small Business Lenders by State > New Mexico Business Loan Sources > Artesia, Business Loans > The First National Bank Artesia Business Loans > Full-Service Restaurants Loan | ||||
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Banks in Artesia, New Mexico That Make SBA Loans
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Entrepreneur Works With Artesia, New Mexico Bank to Get an SBA LoanThinking about meeting with an Artesia, New Mexico bank about a small business loan? Here's one New Mexico business loan, issued by an Artesia bank, that was approved by the SBA. Applying for an SBA loan with The First National Bank worked out well for our friends at one local company in Hobbs, New Mexico. They got an SBA loan for $67,900. Great job! SBA Loan Borrower COMPANY TYPE: FULL-SERVICE RESTAURANTS SBA Loan Lender THE FIRST NATIONAL BANK This lender provides SBA guaranteed bank loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722110 - Full-Service Restaurants Loan Approval Date 12/19/2006 Loan Approval Gross Amount $67,900 Loan Approval from the SBA Of the total $67,900 loan amount, the SBA guaranteed $33,950. 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 2 employees. The SBA loan documents indicated that the loan would help retain 2 existing jobs. Next Steps for Getting an SBA Loan SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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:
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