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May 3, 2024 |
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| Home > Small Business Lenders by State > New Mexico Business Loan Sources > Roswell, Business Loans > First Fed. A Division - Washin Roswell Business Loans > Baked Goods Stores Loan | ||||
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Roswell SBA Lenders
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Roswell, New Mexico Lender Lends Money to Baked Goods Stores CompanyThinking about meeting with a Roswell, New Mexico bank about a small business loan? Here's one New Mexico business loan, issued by a Roswell bank, that was approved by the SBA. Applying for an SBA loan with First Fed. A Division - Washin worked out well for our friends at one local company in Albuquerque, New Mexico. The business was able to get an SBA loan for $310,000. Nice! SBA Loan Borrower COMPANY TYPE: BAKED GOODS STORES SBA Loan Lender FIRST FED. A DIVISION - WASHIN This SBA small business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 445291 - Baked Goods Stores Loan Approval Date 12/19/2002 Loan Approval Gross Amount $310,000 Loan Approval from the SBA Of the total $310,000 loan amount, the SBA guaranteed $232,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 32 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! 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. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. First Fed. A Division - Washin had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, First Fed. A Division - Washin made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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: Best Banks in Roswell, New Mexico
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