Loans for Industrial Launderers

Looking for loans for industrial launderers? Try the SBA. This $218,400 industrial launderers loan was issued by a New Mexico bank.

This small firm knew how to go about getting a business bank loan. Based in Portales, New Mexico, they applied for and were awarded an SBA-guaranteed loan in 2006. The lending bank was First Community Bank, based in Portales, New Mexico.

SBA Loan Borrower

COMPANY TYPE: INDUSTRIAL LAUNDERERS
PORTALES, NM 88130

SBA Loan Lender

FIRST COMMUNITY BANK
400 W 1ST
PORTALES, NM 88130

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This debt financing was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

812332 - Industrial Launderers

Loan Approval Date

9/20/2006

Loan Approval Gross Amount

$218,400

Loan Approval from the SBA

Of the total $218,400 loan amount, the SBA guaranteed $163,800.

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 6 employees. The loan application did not indicate that the company planned to use the loan proceeds to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

If you need money to start a small business or need money to grow a business, an SBA loan can be a great source of funding.

While you may be able to find other ways to get money to start a business, 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.

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