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November 14, 2024 |
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| Home > Small Business Lenders by State > New Mexico Business Loan Sources > Taos, Business Loans > First Community Bank Taos Business Loans > Pet Care Services Loan | ||||
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What Does It Take to Get a Business Loan in Rio Rancho, New Mexico?
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Where to Get Capital for Pet Care ServicesLooking for small business loans for pet care services? Try the SBA. This $68,400 pet care services loan was issued by a New Mexico bank. This company knew how to go about getting a business bank loan. Based in Rio Rancho, New Mexico, they applied for and were awarded an SBA-guaranteed loan in 2003. The lending bank was First Community Bank, based in Taos, New Mexico. SBA Loan Borrower COMPANY TYPE: PET CARE SERVICES SBA Loan Lender FIRST COMMUNITY BANK This SBA loan was provided by a small business banker with SBA Certified Lenders Program (CLP) status. CLP lenders who submit loan guaranty requests to the SBA get more expeditious service from the SBA on their loan applications. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 812910 - Pet Care Services Loan Approval Date 1/3/2003 Loan Approval Gross Amount $68,400 Loan Approval from the SBA Of the total $68,400 loan amount, the SBA guaranteed $51,300. More Information on This SBA Loan The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 5 employees. The loan application did not indicate that the SBA funding recipient planned to use the funding to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. We've showcased information on this loan to let you know that businesses like yours 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: How Much Venture Capital Is There? SBA Approved Banks in Taos, New Mexico
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