 |
 |
December 26, 2024 |
|
|
|
|
||
| Home > Small Business Lenders by State > New Mexico Business Loan Sources > Las Cruces, Business Loans > Citizens Bank Of Las Cruces Las Cruces Business Loans > Jewelry Manufacturing Loan | ||||
 |
||||
SBA Lender New Mexico
|
||||
 |
Mesilla Park, New Mexico Business Gets SBA-Guaranteed Funding from Citizens Bank Of Las CrucesCitizens Bank Of Las Cruces is a source for SBA loans that have lower down payments and longer repayment terms than many other financing options. To help you understand SBA loans, we've featured one New Mexico entrepreneur who tapped into the power of SBA loans. This small firm received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with Citizens Bank Of Las Cruces, out of Las Cruces, New Mexico. The loan was granted and they received $175,000 to help grow their Mesilla Park, New Mexico business. SBA Loan Borrower COMPANY TYPE: JEWELRY MANUFACTURING SBA Loan Lender CITIZENS BANK OF LAS CRUCES This commercial loan was sent in by an SBA Certified Lenders Program (CLP) lender. CLP lenders perform a thorough analysis of the loan application and, in return, SBA delivers a fast loan decision. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 339911 - Jewelry Manufacturing Loan Approval Date 11/29/2001 Loan Approval Gross Amount $175,000 Loan Approval from the SBA Of the total $175,000 loan amount, the SBA guaranteed $131,250. 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 5 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient planned to use the money to add employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loans provide smart, affordable business financing for small businesses looking to expand. 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 $175,000 loan. Remember, if it to be, it is up to me! 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: Microlending as a Small Business Funding Source Banks in Las Cruces, New Mexico
|
|
||
|
||||
|
|
||||