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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 > Flour And Other Grain Mill Products Loan | ||||
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New Mexico Small Business Funding
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Bank Loans for Flour MillingLooking for bank loans for flour milling? Try the SBA. This $619,000 flour milling loan was issued by a Texas bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Mesquite, New Mexico was able to borrow $619,000 from State National Bank. The SBA made the loan possible by guaranteeing $464,250 of this New Mexico small business loan. SBA Loan Borrower COMPANY TYPE: FLOUR AND OTHER GRAIN MILL PRODUCTS SBA Loan Lender STATE NATIONAL BANK This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 2041 - Flour and Other Grain Mill Products NAICS Code 311211 - Flour Milling Loan Approval Date 3/29/2000 Loan Approval Gross Amount $619,000 Loan Approval from the SBA Of the total $619,000 loan amount, the SBA guaranteed $464,250. 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 13 employees. The loan application did not indicate that the small business promised to use the money to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. This company got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer for you. 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: Find an SBA Lender in El Paso, Texas
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