Rooming and Boarding Houses Business Loans

Looking for business loans for rooming and boarding houses? Talk to a banker who works with the SBA. This $100,000 rooming and boarding houses loan was issued by a New Mexico bank.

This business received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with First Fed. A Division - Washin, out of Roswell, New Mexico. The loan was granted and they received $100,000 to help grow their Algodones, New Mexico business.

SBA Loan Borrower

COMPANY TYPE: ROOMING AND BOARDING HOUSES
ALGODONES, NM 87001

SBA Loan Lender

FIRST FED. A DIVISION - WASHIN
300 N PENNSYLVANIA AVE
ROSWELL, NM 88201

This lender issued this bank loan under the SBA 7A lending program , in which the SBA provides guaranteed loans to small business owners. This lending program was started in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7021 - Rooming and Boarding Houses

NAICS Code

721310 - Rooming and Boarding Houses

Loan Approval Date

5/23/2000

Loan Approval Gross Amount

$100,000

Loan Approval from the SBA

Of the total $100,000 loan amount, the SBA guaranteed $80,000.

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 3 employees. The loan application did not indicate that the company planned to use the loan proceeds to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

If you need money to start a business or need money for an existing business, an SBA loan can be a great source of funding.

We can help you find the best banks for small businesses in Algodones or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

Business Incubators

Best Banks for Small Business in Roswell, New Mexico

SBA Lenders in New Mexico