Business Loans for Stationery and Office Supplies Wholesalers

Looking for business loans for stationery and office supplies wholesalers? An SBA loan may be just what you've been looking for. This $31,500 stationery and office supplies wholesalers loan was issued by a New Mexico bank.

This small business knew how to go about getting a business bank loan. Based in Las Cruces, New Mexico, they applied for and were awarded an SBA-guaranteed loan in 2003. The lending bank was First New Mexico Bank, based in Las Cruces, New Mexico.

SBA Loan Borrower

COMPANY TYPE: STATIONERY AND OFFICE SUPPLIES WHOLESALERS
LAS CRUCES, NM 88005

SBA Loan Lender

FIRST NEW MEXICO BANK
3000 E LOHMAN
LAS CRUCES, NM 88011

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

422120 - Stationery and Office Supplies Wholesalers

Loan Approval Date

1/6/2003

Loan Approval Gross Amount

$31,500

Loan Approval from the SBA

Of the total $31,500 loan amount, the SBA guaranteed $26,775.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had only one employee. The SBA loan documents did not indicate that the business planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

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 $31,500 loan. Remember, where there is a will, there is a way!

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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