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May 4, 2024 |
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| Home > Small Business Lenders by State > New Mexico Business Loan Sources > Alamogordo, Business Loans > Western Bank Alamogordo Business Loans > Store Retailers Loan | ||||
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Business Loans for Alamogordo Businesses
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Commercial Loans for Store RetailersLooking for commercial loans for store retailers? Talk to a banker who works with the SBA. This $26,500 store retailers loan was issued by a New Mexico bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Alamogordo, New Mexico was able to borrow $26,500 from Western Bank. The SBA made the loan possible by guaranteeing $13,250 of this New Mexico small business loan. SBA Loan Borrower COMPANY TYPE: STORE RETAILERS SBA Loan Lender WESTERN BANK This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. 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 453998 - Store Retailers Loan Approval Date 2/13/2006 Loan Approval Gross Amount $26,500 Loan Approval from the SBA Of the total $26,500 loan amount, the SBA guaranteed $13,250. 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 16 employees. This SBA loan request did not indicate that the business planned to use the funding to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! If you need money to start a business or need money to grow a business, an SBA loan can be a great way to raise money 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 $26,500 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: Borrowing Money from Friends and Family Find an SBA Lender in Alamogordo, New Mexico
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