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December 23, 2024 |
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| Home > Small Business Lenders by State > New Mexico Business Loan Sources > Truth Or Consequences, Business Loans > Bank Of The Southwest Truth Or Consequences Business Loans > Landscaping Services Loan | ||||
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Bank Of The Southwest
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SBA Loan from Bank Of The Southwest Helps Landscaping Services CompanyAn SBA loan from Bank Of The Southwest typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Williamsburg, New Mexico business owner got a $50,000 loan. This growing company received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with Bank Of The Southwest, out of Truth Or Consequences, New Mexico. The loan was granted and they received $50,000 to help grow their Williamsburg, New Mexico business. SBA Loan Borrower COMPANY TYPE: LANDSCAPING SERVICES SBA Loan Lender BANK OF THE SOUTHWEST This was a Low Documentation SBA loan. The SBA started this program to minimize the paperwork associated with getting a loan . 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 561730 - Landscaping Services Loan Approval Date 8/15/2002 Loan Approval Gross Amount $50,000 Loan Approval from the SBA Of the total $50,000 loan amount, the SBA guaranteed $42,500. 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 3 employees. This SBA loan request did not indicate that the business planned to use the funding to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan If you are wondering how to find money to start a business or already have a business and need money to expand, an SBA loan can be a great funding source This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. 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: Find an SBA Lender in Truth Or Consequences, New Mexico
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