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November 15, 2024 |
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| Home > Small Business Lenders by State > New Mexico Business Loan Sources > Roswell, Business Loans > Bank Of The Southwest Roswell Business Loans > Auto Source Inc Loan | ||||
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New Mexico Small Business Funding for Franchises
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New Mexico Entrepreneur Secures Financing to Buy Thrifty Rent-A-Car FranchiseNeed a loan to buy a Thrifty Rent-A-Car franchise? Bank Of The Southwest has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Roswell, New Mexico needed money to invest in a Thrifty Rent-A-Car franchise back in 2003. Bank Of The Southwest issued an SBA franchise loan. Here are the details on this New Mexico small business loan. SBA Loan Borrower AUTO SOURCE INC SBA Loan Lender BANK OF THE SOUTHWEST SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This business loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 441120 - Used Car Dealers Loan Approval Date 1/2/2003 Loan Approval Gross Amount $50,000 Loan Approval from the SBA Of the total $50,000 loan amount, the SBA guaranteed $37,500. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Thrifty Rent-A-Car franchise. At the time of the loan, the company had 7 employees. The SBA loan application for the borrower did not indicate that the company planned to use the loan proceeds to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. This company got an SBA loan. You can too! Maybe you want money for start up business? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer for you. 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: Find an SBA Lender in Roswell, New Mexico Where to Get an SBA Loan New Mexico
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