Raton, New Mexico Lender Lends Money to Certified Public Accountants Company

Get to know Raton, New Mexico banks that specialize in SBA loans and know how to work with entrepreneurs. 1st National Bank - New Mexico is one such bank, as evidenced by this SBA loan to a growing company.

Finding a small business loan in Raton, New Mexico starts with an understanding of who else has gotten loans in the area. In this case, a local business received funding from 1st National Bank - New Mexico. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: CERTIFIED PUBLIC ACCOUNTANTS
RATON, NM 87740

SBA Loan Lender

1ST NATIONAL BANK - NEW MEXICO
1104 S 2ND ST
RATON, NM 87740

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

541211 - Certified Public Accountants

Loan Approval Date

9/9/2003

Loan Approval Gross Amount

$30,600

Loan Approval from the SBA

Of the total $30,600 loan amount, the SBA guaranteed $26,010.

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 2 employees. The SBA loan documents did not indicate that the small business planned to use the money to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

If you are wondering how to find money to start a business or need money for an existing business, an SBA loan can be a great funding source

While you may be able to borrow money from friends and family, 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.

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