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November 15, 2024 |
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| Home > Small Business Lenders by State > New Mexico Business Loan Sources > Carlsbad, Business Loans > Western Commerce Bank Carlsbad Business Loans > Nursery And Garden Centers Loan | ||||
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Banks Doing SBA Loans in New Mexico
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Entrepreneur Works With Carlsbad, New Mexico Bank to Get an SBA LoanWant to talk with a Carlsbad, New Mexico bank about a business loan? Here's one New Mexico business loan, issued by a Carlsbad bank, that was approved by the SBA. Applying for an SBA loan with Western Commerce Bank worked out well for our friends at one local firm in Hobbs, New Mexico. The business was able to get an SBA loan for $210,000. Nice! SBA Loan Borrower COMPANY TYPE: NURSERY AND GARDEN CENTERS SBA Loan Lender WESTERN COMMERCE BANK This commercial loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 444220 - Nursery and Garden Centers Loan Approval Date 10/27/2003 Loan Approval Gross Amount $210,000 Loan Approval from the SBA Of the total $210,000 loan amount, the SBA guaranteed $157,500. 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 3 employees. This SBA loan request indicated that the loan would help retain 3 existing jobs. Getting an SBA Loan For Your Business If you are wondering how to raise money for a company in Hobbs NM, you ought to talk with a local Hobbs SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Hobbs businesses. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $210,000 loan. Remember, anyone can do it... so why not you? 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: Role of Business Plan When Raising Money Where to Get an SBA Loan in Carlsbad, New Mexico SBA Participating Banks in New Mexico
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