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April 29, 2024 |
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| Home > Small Business Lenders by State > New Mexico Business Loan Sources > Truckee, Business Loans > Bank Of The West Truckee Business Loans > Optical Instruments And Lenses Loan | ||||
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Business Loans from Bank Of The West
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Bank Of The West SBA Loan to Optical Instruments And Lenses CompanyBank Of The West has a track record as a leading provider of SBA loans. Find out how this New Mexico entrepreneur received an SBA loan from them. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Albuquerque, New Mexico was able to borrow $100,000 from Bank Of The West. The SBA made the loan possible by guaranteeing $50,000 of this New Mexico small business loan. SBA Loan Borrower COMPANY TYPE: OPTICAL INSTRUMENTS AND LENSES SBA Loan Lender BANK OF THE WEST 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. SIC Code 3827 - Optical Instruments and Lenses NAICS Code 333314 - Optical Instrument and Lens Manufacturing Loan Approval Date 2/23/2000 Loan Approval Gross Amount $100,000 Loan Approval from the SBA Of the total $100,000 loan amount, the SBA guaranteed $50,000. 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 4 employees. The loan application indicated that the loan would help generate 2 new jobs and retain 2 existing jobs. Next Steps for Getting an SBA Loan Every year, the SBA guarantees over $10 billion for loans just like this one. We've showcased information on this loan to let you know that businesses like yours 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: Determining Proper Capital Structure for a Business Where to Get an SBA Loan in Truckee, California Getting an SBA Loan in California
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