Private Mail Centers Loans

With these loans for private mail centers, the SBA guarantees the lender that the loan will be repaid. This private mail centers loan for $134,200 was given to a New Mexico entrepreneur in 2005.

Getting a small business loan in Las Cruces, New Mexico was important for this growing firm back in 2005 and, based on their loan application, they were successful in getting an SBA loan from Pioneer Bank, operating out of Roswell, New Mexico. Here are the details on this New Mexico small business loan.

SBA Loan Borrower

COMPANY TYPE: PRIVATE MAIL CENTERS
LAS CRUCES, NM 88011

SBA Loan Lender

PIONEER BANK
306 N PENNSYLVANIA AVE
ROSWELL, NM 88201

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

561431 - Private Mail Centers

Loan Approval Date

3/11/2005

Loan Approval Gross Amount

$134,200

Loan Approval from the SBA

Of the total $134,200 loan amount, the SBA guaranteed $114,070.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 3 employees. The loan application did not indicate that the small business promised to use the money to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Pioneer Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Pioneer Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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:

A Company That Helps Entrepreneurs

SBA Approved Banks in Roswell, New Mexico

New Mexico SBA Banks