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May 6, 2024 |
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| Home > Small Business Lenders by State > New Mexico Business Loan Sources > El Paso, Business Loans > State National Bank El Paso Business Loans > Truss Manufacturing Loan | ||||
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Raising Money in Las Cruces, New Mexico With SBA Loans
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Commercial Loans for Truss ManufacturingWith these commercial loans for truss manufacturing, the SBA guarantees the lender that the loan will be repaid. This truss manufacturing loan for $50,000 was given to a New Mexico entrepreneur in 2001. This business received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with State National Bank, out of El Paso, Texas. The loan was granted and they received $50,000 to help grow their Las Cruces, New Mexico business. SBA Loan Borrower COMPANY TYPE: TRUSS MANUFACTURING SBA Loan Lender STATE NATIONAL BANK This SBA bank loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 321214 - Truss Manufacturing Loan Approval Date 1/2/2001 Loan Approval Gross Amount $50,000 Loan Approval from the SBA Of the total $50,000 loan amount, the SBA guaranteed $25,000. 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 6 employees. The SBA loan documents indicated that the loan would help generate 6 new jobs and retain 6 existing jobs. Start the Process for Getting an SBA Loan Today! Every year, the SBA guarantees over $10 billion for loans just like this one. While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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: Small Business Banks in El Paso, Texas
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