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May 2, 2024 |
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| Home > Small Business Lenders by State > New Mexico Business Loan Sources > Farmington, Business Loans > Bank Of The Southwest Farmington Business Loans > Lessors Of Nonresidential Buildings Loan | ||||
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SBA Lender Farmington, New Mexico
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Farmington, New Mexico Lender Lends Money to Lessors Of Nonresidential Buildings CompanyGet business loans from a Farmington, New Mexico bank that knows how to treat small business owners right! If this firm can get a loan, there's no reason you can't do it too. Bank Of The Southwest is a Farmington, New Mexico small business lender that is dedicated to providing financing to small businesses. In this case, they gave a small business loan to a New Mexico company. SBA Loan Borrower COMPANY TYPE: LESSORS OF NONRESIDENTIAL BUILDINGS SBA Loan Lender BANK OF THE SOUTHWEST The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide commercial loans to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 531120 - Lessors of Nonresidential Buildings Loan Approval Date 2/28/2005 Loan Approval Gross Amount $754,150 Loan Approval from the SBA Of the total $754,150 loan amount, the SBA guaranteed $565,613. More Information on This SBA Loan The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 10 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the funding to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? Many small businesses receive loans backed by the U.S. Small Business Administration. 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: Best Banks in Farmington, New Mexico
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