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November 15, 2024 |
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| Home > Small Business Lenders by State > Colorado Business Loan Sources > Taos, Business Loans > First Community Bank Taos Business Loans > Drycleaning And Laundry Services Loan | ||||
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Taos Bank Loan
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Entrepreneur Works With Taos, New Mexico Bank to Get an SBA LoanWant to talk with a Taos, New Mexico bank about a business loan? Here's one Colorado business loan, issued by a Taos bank, that was approved by the SBA. Applying for an SBA loan with First Community Bank worked out well for our friends at one local company in Lafayette, Colorado. They got an SBA loan for $155,000. Nice! SBA Loan Borrower COMPANY TYPE: DRYCLEANING AND LAUNDRY SERVICES SBA Loan Lender FIRST COMMUNITY BANK This lender provides SBA guaranteed business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 812320 - Drycleaning and Laundry Services Loan Approval Date 8/14/2007 Loan Approval Gross Amount $155,000 Loan Approval from the SBA Of the total $155,000 loan amount, the SBA guaranteed $116,250. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 28 employees. This SBA loan request indicated that the loan would help retain 28 existing jobs. Great, But How Can I Get an SBA Loan for My Business? Many small businesses receive loans backed by the U.S. Small Business Administration. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like First Community Bank and they will explain how you can get an SBA loan for your company. 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: Determining Proper Capital Structure for a Business Best Taos, New Mexico Banks for Small Business Getting an SBA Loan in New Mexico
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