 |
 |
May 5, 2024 |
|
|
|
|
||
| Home > Small Business Lenders by State > New Mexico Business Loan Sources > Albuquerque, Business Loans > Bank 1st Albuquerque Business Loans > Shoe Stores Loan | ||||
 |
||||
I Need Commercial Loans in Albuquerque, New Mexico
|
||||
 |
Raising Money for Shoe StoresLooking for bank loans for shoe stores? The SBA may be the answer. This $50,000 shoe stores loan was issued by a New Mexico bank. This small firm received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with Bank 1st, out of Albuquerque, New Mexico. The loan was granted and they received $50,000 to help grow their Albuquerque, New Mexico business. SBA Loan Borrower COMPANY TYPE: SHOE STORES SBA Loan Lender BANK 1ST This lender issued this particular SBA small business 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 448210 - Shoe Stores Loan Approval Date 6/8/2001 Loan Approval Gross Amount $50,000 Loan Approval from the SBA Of the total $50,000 loan amount, the SBA guaranteed $42,500. 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 10 employees. The loan application did not indicate that the small business planned to use the funding 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. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $50,000 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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: The Friends and Family Network Good Banks for Small Business in Albuquerque, New Mexico
|
|
||
|
||||
|
|
||||