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November 14, 2024 |
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| Home > Small Business Lenders by State > New Mexico Business Loan Sources > Albuquerque, Business Loans > New Mexico Bank & Trust Albuquerque Business Loans > Hardware Stores Loan | ||||
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SBA Lenders That Lend to New Mexico Businesses
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New Mexico Bank & Trust Gives Business Loan to Hardware Stores CompanyNew MexicoSmall business loans are available to New Mexico small business owners through the SBA. In this case, a New Mexico bank provides the loan. Getting a small business loan in Rio Rancho Estates, New Mexico was a top priority for this small company back in 2007 and, based on their loan application, they were successful in getting an SBA loan from New Mexico Bank & Trust. Here are the details on this New Mexico small business loan. SBA Loan Borrower COMPANY TYPE: HARDWARE STORES SBA Loan Lender NEW MEXICO BANK & TRUST This lender processed this loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 444130 - Hardware Stores Loan Approval Date 3/23/2007 Loan Approval Gross Amount $182,000 Loan Approval from the SBA Of the total $182,000 loan amount, the SBA guaranteed $91,000. 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 10 employees. The SBA loan application for the borrower indicated that the loan would help generate 1 new job and retain 10 existing jobs. Start the Process for Getting an SBA Loan Today! Although it's called an SBA loan, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. New Mexico Bank & Trust had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, New Mexico Bank & Trust made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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: The Friends and Family Network SBA Banks in Albuquerque, New Mexico
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