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November 14, 2024 |
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| Home > Small Business Lenders by State > New Mexico Business Loan Sources > Richmond, Business Loans > Business Loan Center, LLC Richmond Business Loans > Comfort Inn Los Lunas Loan | ||||
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SBA Franchise Lenders in New Mexico
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Los Lunas, NM Entrepreneur Gets SBA Loan to Buy Putt Putt Golf Course FranchiseBorrowing money to purchase a Putt Putt Golf Course franchise? Business Loan Center, LLC has a history of making these loans and they are guaranteed by the SBA. Putt Putt Golf Course franchise loans are available to Los Lunas, New Mexico entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Business Loan Center, LLC, based in Richmond, Virginia, issued an SBA franchise loan for a Putt Putt Golf Course franchise in 2004. We've got all the details on this New Mexico small business loan. SBA Loan Borrower COMFORT INN LOS LUNAS SBA Loan Lender BUSINESS LOAN CENTER, LLC At the time this loan was granted, this lending institution was part of the SBA's Certified Lenders Program (CLP). This program was created to provide quick service on loan applications received from lenders who have a successful SBA lending track record and a thorough understanding of SBA policies and procedures. CLP lenders perform a complete analysis of the application and, in return, SBA promises a fast loan decision. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 721110 - Hotels and Motels Loan Approval Date 10/14/2004 Loan Approval Gross Amount $820,000 Loan Approval from the SBA Of the total $820,000 loan amount, the SBA guaranteed $615,000. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Putt Putt Golf Course franchise. At the time of the loan, the company had 10 employees. This SBA loan request did not indicate that the company promised to use the money to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses. This SBA loan was for $820,000. How would you spend $820,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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: Best Richmond, Virginia Banks for Small Business
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