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November 15, 2024 |
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| Home > Small Business Lenders by State > New Mexico Business Loan Sources > Santa Fe, Business Loans > Century Bank Santa Fe Business Loans > Fabricated Wire Product Manufacturing Loan | ||||
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How to Get SBA Loans from Century Bank
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Business Loan from Century Bank Given to Fabricated Wire Product Manufacturing CompanyCentury Bank is a source for SBA loans that have lower down payments and longer repayment terms than many other financing options. To help you understand SBA loans, we've featured one New Mexico entrepreneur who tapped into the power of SBA loans. Getting a small business loan in Santa Fe, New Mexico was an essential business goal for this firm back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Century Bank, operating out of Santa Fe, New Mexico. Here are the details on this New Mexico small business loan. SBA Loan Borrower COMPANY TYPE: FABRICATED WIRE PRODUCT MANUFACTURING SBA Loan Lender CENTURY BANK This lender issued this particular commercial loan 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 332618 - Fabricated Wire Product Manufacturing Loan Approval Date 11/21/2003 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $127,500. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had only one employee. The SBA loan documents did not indicate that the business planned to use the funding to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan Every year, the SBA guarantees over $10 billion for loans just like this one. 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. Related Links: SBA 7A Lenders in Santa Fe, New Mexico
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