Hobbs, New Mexico Lender Lends Money to Ready-Mix Concrete Manufacturing Company

Thinking about meeting with a Hobbs, New Mexico bank about a business loan? Here's one New Mexico business loan, issued by a Hobbs bank, that was approved by the SBA.

Applying for an SBA loan with Lea County State Bank worked out well for our friends at one local company in Hobbs, New Mexico. They received an SBA loan for $979,000. Nice!

SBA Loan Borrower

COMPANY TYPE: READY-MIX CONCRETE MANUFACTURING
HOBBS, NM 88240

SBA Loan Lender

LEA COUNTY STATE BANK
1017 N TURNER
HOBBS, NM 88240

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

327320 - Ready-Mix Concrete Manufacturing

Loan Approval Date

10/23/2006

Loan Approval Gross Amount

$979,000

Loan Approval from the SBA

Of the total $979,000 loan amount, the SBA guaranteed $734,250.

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 59 employees. The loan application indicated that the loan would help retain 59 existing jobs.

Getting an SBA Loan For Your Business

Every year, the SBA guarantees over $10 billion for loans just like this one.

This company got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer for 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:

Advice on Getting a Small Business Loan

SBA 7A Banks in Hobbs, New Mexico

Getting a Business Loan in New Mexico