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May 6, 2024 |
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| Home > Small Business Lenders by State > New Mexico Business Loan Sources > Albuquerque, Business Loans > Bank 1st Albuquerque Business Loans > Furniture Stores Loan | ||||
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New Mexico SBA Lenders
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Albuquerque, New Mexico Lender Lends Money to Furniture Stores CompanyWant to talk with an Albuquerque, New Mexico bank about a small business loan? Here's one New Mexico business loan, issued by an Albuquerque bank, that was approved by the SBA. Applying for an SBA loan with Bank 1st worked out well for our friends at one local firm in Albuquerque, New Mexico. They got an SBA loan for $60,000. Awesome! SBA Loan Borrower COMPANY TYPE: FURNITURE STORES SBA Loan Lender BANK 1ST This lender issued this particular bank loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 442110 - Furniture Stores Loan Approval Date 7/31/2001 Loan Approval Gross Amount $60,000 Loan Approval from the SBA Of the total $60,000 loan amount, the SBA guaranteed $51,000. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 3 employees. The SBA loan application for the borrower did not indicate that the company planned to use the loan proceeds to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan. 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: A Company That Helps Entrepreneurs Best Albuquerque, New Mexico Banks for Small Business
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