Ruidoso, New Mexico Lender Lends Money to Private Mail Centers Company

Find Ruidoso, New Mexico banks that specialize in SBA loans and know how to work with entrepreneurs. First National Bank Of Ruidoso is one such bank, as evidenced by this SBA loan to one business.

Finding a small business loan in Ruidoso, New Mexico starts with an understanding of who else has gotten loans in the area. In this case, a local firm received funding from First National Bank Of Ruidoso. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: PRIVATE MAIL CENTERS
RUIDOSO, NM 88345

SBA Loan Lender

FIRST NATIONAL BANK OF RUIDOSO
451 SUDDERTH DR
RUIDOSO, NM 88345

This small business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

561431 - Private Mail Centers

Loan Approval Date

9/6/2006

Loan Approval Gross Amount

$91,830

Loan Approval from the SBA

Of the total $91,830 loan amount, the SBA guaranteed $78,056.

More Information on This SBA Loan

The borrower borrowed this money for an existing 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 4 employees. The loan application did not indicate that the SBA funding recipient planned to use the loan proceeds to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

Many small businesses receive loans backed by the U.S. Small Business Administration.

If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from First National Bank Of Ruidoso so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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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