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November 21, 2024 |
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| Home > Small Business Lenders by State > New Mexico Business Loan Sources > Las Cruces, Business Loans > Citizens Bank Of Las Cruces Las Cruces Business Loans > Beauty Salons Loan | ||||
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SBA Lenders New Mexico
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Las Cruces, New Mexico Lender Lends Money to Beauty Salons CompanyA Las Cruces, New Mexico business loan can be yours. Learn how a company got a $73,000 business loan from this New Mexico bank. This loan to an entrepreneur is a good example of an SBA loan. Citizens Bank Of Las Cruces made the loan and the SBA guaranteed a portion of the loan. Many other New Mexico entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take. SBA Loan Borrower COMPANY TYPE: BEAUTY SALONS SBA Loan Lender CITIZENS BANK OF LAS CRUCES This lender issued this particular loan for a small business under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 812112 - Beauty Salons Loan Approval Date 7/30/2001 Loan Approval Gross Amount $73,000 Loan Approval from the SBA Of the total $73,000 loan amount, the SBA guaranteed $62,050. More Information on This SBA Loan The borrower borrowed this money for an existing 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 only one employee. The SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the money to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! If you are working on finding money to start a business in Las Cruces NM, you ought to talk with a local Las Cruces SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Las Cruces businesses. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Citizens Bank Of Las Cruces are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there 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: SBA Banks in Las Cruces, New Mexico
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