 |
 |
November 21, 2024 |
|
|
|
|
||
| Home > Small Business Lenders by State > New Mexico Business Loan Sources > Las Cruces, Business Loans > The First National Bank Las Cruces Business Loans > Eating Places Loan | ||||
 |
||||
Small Business Banks in New Mexico
|
||||
 |
Full-Service Restaurants SBA LoansLooking for SBA loans for full-service restaurants? Try the SBA. This $83,000 full-service restaurants loan was issued by a New Mexico bank. This small business received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with The First National Bank, out of Las Cruces, New Mexico. The loan was granted and they received $83,000 to help grow their Las Cruces, New Mexico business. SBA Loan Borrower COMPANY TYPE: EATING PLACES SBA Loan Lender THE FIRST NATIONAL BANK This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5812 - Eating Places NAICS Code 722110 - Full-Service Restaurants Loan Approval Date 8/16/2000 Loan Approval Gross Amount $83,000 Loan Approval from the SBA Of the total $83,000 loan amount, the SBA guaranteed $66,400. 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 3 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the funding to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! Many small businesses receive loans backed by the U.S. Small Business Administration. This company got an SBA loan. You can too! Maybe you need seed money for business? Maybe you have a business and need capital to get to the next level? 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: SBA 7A Lenders in Las Cruces, New Mexico Find an SBA Lender in New Mexico
|
|
||
|
||||
|
|
||||