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May 13, 2024 |
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| Home > Small Business Lenders by State > New Mexico Business Loan Sources > Las Cruces, Business Loans > The First National Bank Las Cruces Business Loans > Confectionery Manufacturing From Purchased Chocolate Loan | ||||
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SBA Lenders in Mesilla, New Mexico
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SBA Loan from The First National Bank Helps Confectionery Manufacturing From Purchased Chocolate CompanyAn SBA loan from The First National Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Mesilla, New Mexico business owner got a $56,000 loan. This growing company knew how to go about getting a business bank loan. Based in Mesilla, New Mexico, they applied for and received an SBA-guaranteed loan in 2002. The lending bank was The First National Bank, based in Las Cruces, New Mexico. SBA Loan Borrower COMPANY TYPE: CONFECTIONERY MANUFACTURING FROM PURCHASED CHOCOLATE SBA Loan Lender THE FIRST NATIONAL BANK This was a Low Documentation SBA loan. The SBA created this program to limit the paperwork associated with getting a loan . The low-doc program requires completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 311330 - Confectionery Manufacturing from Purchased Chocolate Loan Approval Date 11/18/2002 Loan Approval Gross Amount $56,000 Loan Approval from the SBA Of the total $56,000 loan amount, the SBA guaranteed $47,600. 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 8 employees. The SBA loan documents did not indicate that the business promised to use the funding to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory. We can help you find the best banks for small businesses in Mesilla 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: SBA 7A Banks for Las Cruces, New Mexico Loans
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