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May 4, 2024 |
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| Home > Small Business Lenders by State > New Mexico Business Loan Sources > Albuquerque, Business Loans > First Community Bank Albuquerque Business Loans > Metal Window And Door Manufacturing Loan | ||||
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Raising Money in Albuquerque, New Mexico With SBA Loans
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Raising Money for Metal Window and Door ManufacturingLooking for business loans for metal window and door manufacturing? The SBA may be the answer. This $136,000 metal window and door manufacturing loan was issued by a New Mexico bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Albuquerque, New Mexico was able to borrow $136,000 from First Community Bank. The SBA made the loan possible by guaranteeing $115,600 of this New Mexico small business loan. SBA Loan Borrower COMPANY TYPE: METAL WINDOW AND DOOR MANUFACTURING SBA Loan Lender FIRST COMMUNITY BANK This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 332321 - Metal Window and Door Manufacturing Loan Approval Date 7/22/2003 Loan Approval Gross Amount $136,000 Loan Approval from the SBA Of the total $136,000 loan amount, the SBA guaranteed $115,600. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 3 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the money to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan If you need money to start a small business or need money to grow a business, an SBA loan can be a great source of funding. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $136,000 loan. Remember, anyone can do it... so why not you? 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: SBA Approved Banks in Albuquerque, New Mexico Browse All Business Loan Sources for New Mexico
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