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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 > General Rental Centers Loan | ||||
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How to Get an SBA Loan in Las Cruces, New Mexico
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Local Business Gets a New Mexico Bank LoanBusiness loans in New Mexico are tough to come by these days. We take a look at one New Mexico business loan, provided by a New Mexico bank, that was approved by the SBA. You can learn something about getting a small business loan in Las Cruces, New Mexico by studying this loan to a local business, made back in 2005. Banks like Citizens Bank Of Las Cruces may also be willing to lend to you, given that they granted this small business loan. SBA Loan Borrower COMPANY TYPE: GENERAL RENTAL CENTERS SBA Loan Lender CITIZENS BANK OF LAS CRUCES This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. 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 532310 - General Rental Centers Loan Approval Date 6/10/2005 Loan Approval Gross Amount $100,000 Loan Approval from the SBA Of the total $100,000 loan amount, the SBA guaranteed $50,000. 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 29 employees. The SBA loan documents indicated that the loan would help generate 3 new jobs and retain 29 existing jobs. Next Steps for Getting an SBA Loan Many small businesses receive loans backed by the U.S. Small Business Administration. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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: Small Business Banks in Las Cruces, New Mexico Getting an SBA Loan in New Mexico
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