El Paso, Texas Bank Lends Money to Public Relations Agencies Company in Salem, New Mexico

Want to talk with an El Paso, Texas bank about a small business loan? Here's one New Mexico business loan, issued by an El Paso bank, that was approved by the SBA.

Applying for an SBA loan with Bank Of The West worked out well for our friends at one local company in Salem, New Mexico. They received an SBA loan for $26,000. Nice!

SBA Loan Borrower

COMPANY TYPE: PUBLIC RELATIONS AGENCIES
SALEM, NM 88008

SBA Loan Lender

BANK OF THE WEST
500 N MESA ST
EL PASO, TX 79901

This loan for a small business 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

541820 - Public Relations Agencies

Loan Approval Date

12/24/2003

Loan Approval Gross Amount

$26,000

Loan Approval from the SBA

Of the total $26,000 loan amount, the SBA guaranteed $22,100.

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 only one employee. The SBA loan application for the borrower indicated that the loan would help generate 1 new job and retain 2 existing jobs.

Next Steps for Getting an SBA Loan

SBA loans provide smart, affordable business financing for small businesses looking to expand.

This company got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you want money to buy a franchise? 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.

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