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May 18, 2024 |
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| Home > Small Business Lenders by State > New Mexico Business Loan Sources > Silver City, Business Loans > First New Mexico Bank - Silver C Silver City Business Loans > Warm Air Heating And Air-Conditioning Equipment And Suppplies Wholesalers Loan | ||||
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I Need an SBA Loan in Silver, New Mexico
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Where to Get Capital for Warm Air Heating and Air-Conditioning Equipment and Suppplies WholesalersWith these SBA loans for warm air heating and air-conditioning equipment and suppplies wholesalers, the SBA guarantees the lender that the loan will be repaid. This warm air heating and air-conditioning equipment and suppplies wholesalers loan for $132,500 was given to a New Mexico entrepreneur in 2002. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Silver, New Mexico was able to borrow $132,500 from First New Mexico Bank - Silver C. The SBA made the loan possible by guaranteeing $112,625 of this New Mexico small business loan. SBA Loan Borrower COMPANY TYPE: WARM AIR HEATING AND AIR-CONDITIONING EQUIPMENT AND SUPPPLIES WHOLESALERS SBA Loan Lender FIRST NEW MEXICO BANK - SILVER C 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 421730 - Warm Air Heating and Air-Conditioning Equipment and Suppplies Wholesalers Loan Approval Date 8/16/2002 Loan Approval Gross Amount $132,500 Loan Approval from the SBA Of the total $132,500 loan amount, the SBA guaranteed $112,625. 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 2 employees. The SBA loan documents did not indicate that the small business planned to use the loan proceeds to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! If you need money to start a business or need money for an existing business, an SBA loan can be a great way to raise money SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into First New Mexico Bank - Silver C and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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: Accountant's Role in Securing Financing SBA Participating Banks in Silver City, New Mexico
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