Small Business Loans for Food Manufacturing

With these small business loans for food manufacturing, the SBA guarantees the lender that the loan will be repaid. This food manufacturing loan for $28,200 was given to a New Mexico entrepreneur in 2003.

This small firm received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with Charter Bank, out of Albuquerque, New Mexico. The loan was granted and they received $28,200 to help grow their Santa Fe, New Mexico business.

SBA Loan Borrower

COMPANY TYPE: FOOD MANUFACTURING
SANTA FE, NM 87504

SBA Loan Lender

CHARTER BANK
4400 OSUNA RD NE
ALBUQUERQUE, NM 87109

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.

NAICS Code

311999 - Food Manufacturing

Loan Approval Date

6/4/2003

Loan Approval Gross Amount

$28,200

Loan Approval from the SBA

Of the total $28,200 loan amount, the SBA guaranteed $23,970.

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 8 employees. This SBA loan request did not indicate that the company planned to use the money to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $28,200 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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:

Attracting Investors

Where to Get an SBA Loan in Albuquerque, New Mexico

New Mexico SBA Banks