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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 > Optometrists Loan | ||||
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How to Get SBA Loans in Tyrone, New Mexico
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Raising Money for OptometristsLooking for business loans for optometrists? Try the SBA. This $300,000 optometrists loan was issued by a New Mexico bank. This business knew how to go about getting a business bank loan. Based in Tyrone, New Mexico, they applied for and were awarded an SBA-guaranteed loan in 2006. The lending bank was Western Bank, based in Lordsburg, New Mexico. SBA Loan Borrower COMPANY TYPE: OPTOMETRISTS SBA Loan Lender WESTERN BANK This business loan 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 621320 - Optometrists Loan Approval Date 2/6/2006 Loan Approval Gross Amount $300,000 Loan Approval from the SBA Of the total $300,000 loan amount, the SBA guaranteed $225,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 3 employees. The loan application did not indicate that the company promised to use the money to add employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My 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. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $300,000 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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: SBA Participating Banks in Lordsburg, New Mexico
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