Where to Get Capital for Architectural Services

With these small business loans for architectural services, the SBA guarantees the lender that the loan will be repaid. This architectural services loan for $52,000 was given to a New Mexico entrepreneur in 2003.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Ruidoso, New Mexico was able to borrow $52,000 from Pioneer Bank. The SBA made the loan possible by guaranteeing $44,200 of this New Mexico small business loan.

SBA Loan Borrower

COMPANY TYPE: ARCHITECTURAL SERVICES
RUIDOSO, NM 88345

SBA Loan Lender

PIONEER BANK
306 N PENNSYLVANIA AVE
ROSWELL, NM 88201

This lender issued this particular loan for a small business under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

541310 - Architectural Services

Loan Approval Date

6/20/2003

Loan Approval Gross Amount

$52,000

Loan Approval from the SBA

Of the total $52,000 loan amount, the SBA guaranteed $44,200.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. This SBA loan request did not indicate that the SBA funding recipient planned to use the loan proceeds to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

If you need money to start a business or need money for an existing business, an SBA loan can be a great way to raise money

This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? Maybe you need money to buy a business? 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:

Advice on Getting a Small Business Loan

Best Banks in Roswell, New Mexico

SBA Participating Banks in New Mexico