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November 24, 2024 |
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| Home > Small Business Lenders by State > New Mexico Business Loan Sources > San Jose, Business Loans > Wells Fargo Bank San Jose Business Loans > Tire And Tube Merchant Wholesalers Loan | ||||
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Small Business Banks for Hobbs, New Mexico Small Business Owners
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New Mexico SBA Loan Issued to Tire And Tube Merchant Wholesalers CompanyWant a New Mexico bank loan? This New Mexico entrepreneur got a bank loan, provided by a California bank that works with the SBA to help small business owners. By giving the right information to Wells Fargo Bank, this Hobbs, New Mexico business was able to get an SBA loan. To get this loan, the entrepreneur gave the lending institution and the SBA a clear description of what the loan proceeds would be used for and how they intended to pay the loan back. SBA Loan Borrower COMPANY TYPE: TIRE AND TUBE MERCHANT WHOLESALERS SBA Loan Lender WELLS FARGO BANK The lender provided this commercial loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 423130 - Tire and Tube Merchant Wholesalers Loan Approval Date 10/12/2005 Loan Approval Gross Amount $50,000 Loan Approval from the SBA Of the total $50,000 loan amount, the SBA guaranteed $25,000. 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 14 employees. This SBA loan request indicated that the loan would help retain 12 existing jobs. Start the Process for Getting an SBA Loan Today! SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. We can help you find the best banks for small businesses in Hobbs or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: Raising VC Money for Social Networking Companies SBA Approved Banks in San Jose, California Browse All Business Loan Sources for California
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