Santa Fe, New Mexico Bank Lends Money to Clothing Stores Company in Santa Fe, New Mexico

Want to talk with a Santa Fe, New Mexico bank about an SBA loan? Here's one New Mexico business loan, issued by a Santa Fe bank, that was approved by the SBA.

Applying for an SBA loan with First National Bank - Santa Fe worked out well for our friends at one local firm in Santa Fe, New Mexico. The business was able to get an SBA loan for $52,000. Nice!

SBA Loan Borrower

COMPANY TYPE: CLOTHING STORES
SANTA FE, NM 87501

SBA Loan Lender

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

This was a Low Documentation SBA loan. The SBA started this program to minimize the paperwork associated with borrowing money. The low-doc program involves completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

448190 - Clothing Stores

Loan Approval Date

12/9/2002

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 3 employees. The SBA loan application for the borrower did not indicate that the business promised to use the money to increase staffing levels or retain any existing employees.

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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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