Business Loans for Lighting Equipment Manufacturing

Looking for business loans for lighting equipment manufacturing? The SBA may be the answer. This $150,000 lighting equipment manufacturing loan was issued by a New Mexico bank.

This business received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with First Community Bank, out of Taos, New Mexico. The loan was granted and they received $150,000 to help grow their Louisville, Colorado business.

SBA Loan Borrower

COMPANY TYPE: LIGHTING EQUIPMENT MANUFACTURING
LOUISVILLE, CO 80027

SBA Loan Lender

FIRST COMMUNITY BANK
120 W PLAZA
TAOS, NM 87571

This lender issued this particular SBA bank loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

335129 - Lighting Equipment Manufacturing

Loan Approval Date

8/2/2002

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

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 8 employees. The loan application did not indicate that the SBA funding recipient planned to use the money to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

Every year, the SBA guarantees over $10 billion for loans just like this one.

While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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:

Obtaining Funding - How to Borrow Money

Banks in Taos, New Mexico

SBA Lenders in New Mexico