Business Loan from Pioneer Bank Given to Personal Care Services Company

Pioneer Bank has a track record as a leading provider of SBA loans. Find out how this New Mexico entrepreneur received an SBA loan from them.

Getting a small business loan in Las Cruces, New Mexico was an essential business goal for this company back in 2007 and, based on their loan application, they were successful in getting an SBA loan from Pioneer Bank, operating out of Las Cruces, New Mexico. Here are the details on this New Mexico small business loan.

SBA Loan Borrower

COMPANY TYPE: PERSONAL CARE SERVICES
LAS CRUCES, NM 88011

SBA Loan Lender

PIONEER BANK
3831 E LOHMAN AVE
LAS CRUCES, NM 88011

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide business loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

812199 - Personal Care Services

Loan Approval Date

4/16/2007

Loan Approval Gross Amount

$147,200

Loan Approval from the SBA

Of the total $147,200 loan amount, the SBA guaranteed $125,120.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 3 employees. The loan application indicated that the loan would help generate 3 new jobs.

Next Steps for Getting an SBA Loan

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $147,200 loan. Remember, if it to be, it is up to me!

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.

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