First Savings Bank SBA Loan to Vending Machine Operators Company

An SBA loan from First Savings Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Truth Or Consequences (hot Spr, New Mexico business owner got a $57,000 loan.

This small firm knew how to go about getting a business bank loan. Based in Truth Or Consequences (hot Spr, New Mexico, they applied for and received an SBA-guaranteed loan in 2004. The lending bank was First Savings Bank, based in Beresford, South Dakota.

SBA Loan Borrower

COMPANY TYPE: VENDING MACHINE OPERATORS
TRUTH OR CONSEQUENCES (HOT SPR, NM 87901

SBA Loan Lender

FIRST SAVINGS BANK
201 N 3RD ST
BERESFORD, SD 57004

This lender processed this bank loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

454210 - Vending Machine Operators

Loan Approval Date

1/22/2004

Loan Approval Gross Amount

$57,000

Loan Approval from the SBA

Of the total $57,000 loan amount, the SBA guaranteed $28,500.

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 only one employee. This SBA loan request indicated that the loan would help generate 1 new job and retain 1 existing job.

Next Steps for Getting an SBA Loan

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

We can help you find the best banks for small businesses in Truth Or Consequences (hot Spr or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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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