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May 18, 2024 |
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| Home > Small Business Lenders by State > New Mexico Business Loan Sources > Las Cruces, Business Loans > Mesilla Valley Bank Las Cruces Business Loans > Engineering Services Loan | ||||
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SBA Lenders in New Mexico
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Las Cruces, New Mexico Business Gets SBA-Guaranteed Funding from Mesilla Valley BankMesilla Valley Bank is a source for SBA loans that have lower down payments and longer repayment terms than many other financing options. To help you understand SBA loans, we've featured one New Mexico entrepreneur who tapped into the power of SBA loans. This growing company knew how to go about getting a business bank loan. Based in Las Cruces, New Mexico, they applied for and received an SBA-guaranteed loan in 2002. The lending bank was Mesilla Valley Bank, based in Las Cruces, New Mexico. SBA Loan Borrower COMPANY TYPE: ENGINEERING SERVICES SBA Loan Lender MESILLA VALLEY 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 541330 - Engineering Services Loan Approval Date 12/31/2002 Loan Approval Gross Amount $117,000 Loan Approval from the SBA Of the total $117,000 loan amount, the SBA guaranteed $99,450. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for 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. Getting an SBA Loan For Your Business If you need money to start business in Las Cruces NM, you ought to talk with a local Las Cruces SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Las Cruces businesses. If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from Mesilla Valley Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. 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: Family and Friend Investors - Your First Financiers Small Bank Loans in Las Cruces, New Mexico SBA Participating Banks in New Mexico
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