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December 20, 2024 |
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| Home > Small Business Lenders by State > New Mexico Business Loan Sources > Albuquerque, Business Loans > Charter Bank Albuquerque Business Loans > Costume Jewelry And Novelty Manufacturing Loan | ||||
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Who Lends Money to Santa Fe Small Business Owners
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Charter Bank Gives Small Business Loan to Costume Jewelry And Novelty Manufacturing CompanyLooking to get a New Mexico SBA loan? This New Mexico entrepreneur got an SBA loan, provided by a New Mexico bank that works with the SBA to help small business owners. This small business, based in Santa Fe, New Mexico, offers a good example of how small businesses get financed. Taking advantage of the SBA's guaranteed loan program, they were able to get a loan from Charter Bank. We've got the inside scoop on this New Mexico small business loan. SBA Loan Borrower COMPANY TYPE: COSTUME JEWELRY AND NOVELTY MANUFACTURING SBA Loan Lender CHARTER BANK This SBA loan was granted by an SBA Certified Lenders Program (CLP) lender. CLP lenders perform a thorough analysis of the loan application and, in return, SBA promises a fast loan decision. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 339914 - Costume Jewelry and Novelty Manufacturing Loan Approval Date 8/16/2002 Loan Approval Gross Amount $75,000 Loan Approval from the SBA Of the total $75,000 loan amount, the SBA guaranteed $63,750. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 8 employees. This SBA loan request did not indicate that the SBA funding recipient planned to use the loan proceeds to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Charter Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Charter Bank 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: Borrowing Money from Friends and Family SBA Participating Banks in Albuquerque, New Mexico Browse All Business Loan Sources for New Mexico
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