SBA Loan from First National Bank - Santa Fe Helps Business Services Company

First National Bank - Santa Fe has a track record as a leading provider of SBA loans. Find out how this New Mexico entrepreneur received an SBA loan from them.

This business knew how to go about getting a business bank loan. Based in Santa Fe, New Mexico, they applied for and received an SBA-guaranteed loan in 2001. The lending bank was First National Bank - Santa Fe, based in Santa Fe, New Mexico.

SBA Loan Borrower

COMPANY TYPE: BUSINESS SERVICES
SANTA FE, NM 87505

SBA Loan Lender

FIRST NATIONAL BANK - SANTA FE
62 LINCOLN AVE
SANTA FE, NM 87504

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7389 - Business Services

NAICS Code

333921 - Elevator and Moving Stairway Manufacturing

Loan Approval Date

3/9/2001

Loan Approval Gross Amount

$92,000

Loan Approval from the SBA

Of the total $92,000 loan amount, the SBA guaranteed $78,200.

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 3 employees. The loan application did not indicate that the SBA funding recipient planned to use the funding to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

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

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. First National Bank - Santa Fe had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, First National Bank - Santa Fe 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:

Choosing VC Firms

Small Business Banks in Santa Fe, New Mexico

New Mexico SBA 7A Banks