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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 > Gasoline Stations With Convenience Stores Loan | ||||
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Advice for Small Business Owners On Getting a Loan
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How to Get a Loan for Gasoline Stations with Convenience StoresLooking for commercial loans for gasoline stations with convenience stores? Talk to a banker who works with the SBA. This $147,000 gasoline stations with convenience stores loan was issued by a New Mexico bank. Getting a small business loan in Belen, New Mexico was important for this small business back in 2001 and, based on their loan application, they were successful in getting an SBA loan from First Community Bank, operating out of Albuquerque, New Mexico. Here are the details on this New Mexico small business loan. SBA Loan Borrower COMPANY TYPE: GASOLINE STATIONS WITH CONVENIENCE STORES SBA Loan Lender FIRST COMMUNITY BANK This lender issued this particular bank 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 447110 - Gasoline Stations with Convenience Stores Loan Approval Date 3/22/2001 Loan Approval Gross Amount $147,000 Loan Approval from the SBA Of the total $147,000 loan amount, the SBA guaranteed $124,950. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had only one employee. The SBA loan application for the borrower did not indicate that the small business planned to use the funding to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. 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: SBA Banks in Albuquerque, New Mexico Getting an SBA Loan in New Mexico
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