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May 16, 2024 |
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| Home > Small Business Lenders by State > New Mexico Business Loan Sources > Roswell, Business Loans > Pioneer Bank Roswell Business Loans > Limousine Service Loan | ||||
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SBA Loan from Pioneer Bank
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Business Loan from Pioneer Bank Given to Limousine Service CompanyAn SBA loan from Pioneer Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Las Cruces, New Mexico business owner got a $276,200 loan. 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 2007. The lending bank was Pioneer Bank, based in Roswell, New Mexico. SBA Loan Borrower COMPANY TYPE: LIMOUSINE SERVICE SBA Loan Lender PIONEER BANK This business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 485320 - Limousine Service Loan Approval Date 11/19/2007 Loan Approval Gross Amount $276,200 Loan Approval from the SBA Of the total $276,200 loan amount, the SBA guaranteed $207,150. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 18 employees. The SBA loan application for the borrower indicated that the loan would help retain 18 existing jobs. Start the Process for Getting an SBA Loan Today! Remember, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Pioneer Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP). 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 7A Lenders in Roswell, New Mexico Getting an SBA Loan in New Mexico
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