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May 13, 2024 |
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| Home > Small Business Lenders by State > New Mexico Business Loan Sources > Lordsburg, Business Loans > Western Bank Lordsburg Business Loans > Lessors Of Real Estate Property Loan | ||||
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Tips for Small Businesses On Getting a Loan
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Where to Get Capital for Lessors of Real Estate PropertyLooking for SBA loans for lessors of real estate property? The SBA may be the answer. This $123,000 lessors of real estate property loan was issued by a New Mexico bank. This business knew how to go about getting a business bank loan. Based in Silver City, New Mexico, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was Western Bank, based in Lordsburg, New Mexico. SBA Loan Borrower COMPANY TYPE: LESSORS OF REAL ESTATE PROPERTY SBA Loan Lender WESTERN BANK This was a Low Documentation SBA loan. The SBA launched this program to minimize the paperwork associated with getting a loan . The low-doc program involves completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Currently, $100,000 is the maximum loan amount. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 531190 - Lessors of Real Estate Property Loan Approval Date 5/6/2002 Loan Approval Gross Amount $123,000 Loan Approval from the SBA Of the total $123,000 loan amount, the SBA guaranteed $104,550. 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 3 employees. This SBA loan request did not indicate that the company planned to use the funding to add employees or retain any existing employees. Next Steps for Getting an SBA Loan Many small businesses receive loans backed by the U.S. Small Business Administration. We've showcased information on this loan to let you know that businesses like yours 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. Related Links: Role of Business Plan When Raising Money Best Banks in Lordsburg, New Mexico
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