Rio Rancho Estates, New Mexico Entrepreneur Gets a Business Loan

Would a New Mexico SBA loan help your business get to the next level? If so, you may want to talk with this Utah bank, which offers SBA loans to New Mexico entrepreneurs.

Getting a small business loan in Rio Rancho Estates, New Mexico was a top priority for this particular business back in 2005 and, based on their loan application, they were successful in getting an SBA loan from Mountain America Fcu. Here are the details on this New Mexico small business loan.

SBA Loan Borrower

COMPANY TYPE: SPECIALTY TRADE CONTRACTORS
RIO RANCHO ESTATES, NM 87124

SBA Loan Lender

MOUNTAIN AMERICA FCU
7181 S CAMPUS VIEW DR
WEST JORDAN, UT 84084

This SBA small business loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

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

238990 - Specialty Trade Contractors

Loan Approval Date

3/11/2005

Loan Approval Gross Amount

$33,250

Loan Approval from the SBA

Of the total $33,250 loan amount, the SBA guaranteed $16,625.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 4 employees. The loan application indicated that the loan would help retain 4 existing jobs.

Next Steps for Getting an SBA Loan

Every year, the SBA guarantees over $10 billion for loans just like this one.

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.

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