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| Home > Small Business Lenders by State > New Mexico Business Loan Sources > Windsor, Business Loans > Ups Capital Business Credit Windsor Business Loans > Commercial And Industrial Machinery And Equipment Rental And Leasing Loan | ||||
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How to Get SBA Money in Albuquerque, New Mexico
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Ups Capital Business Credit Gives Bank Loan to Commercial And Industrial Machinery And Equipment Rental And Leasing CompanyNew MexicoSmall business loans are available to New Mexico small business owners through the SBA. In this case, a Connecticut bank provides the loan. This business, based in Albuquerque, New Mexico, offers a good example of how small businesses get financed. Taking advantage of the SBA's guaranteed loan program, they were able to get a loan from Ups Capital Business Credit. We've got the inside scoop on this New Mexico small business loan. SBA Loan Borrower COMPANY TYPE: COMMERCIAL AND INDUSTRIAL MACHINERY AND EQUIPMENT RENTAL AND LEASING SBA Loan Lender UPS CAPITAL BUSINESS CREDIT Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 532490 - Commercial and Industrial Machinery and Equipment Rental and Leasing Loan Approval Date 1/25/2006 Loan Approval Gross Amount $395,000 Loan Approval from the SBA Of the total $395,000 loan amount, the SBA guaranteed $296,250. 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 33 employees. The SBA loan application for the borrower indicated that the loan would help generate 5 new jobs and retain 33 existing jobs. Getting an SBA Loan For Your Business SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Ups Capital Business Credit and they will explain how you can get an SBA loan for your company. 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: Obtaining Funding - How to Borrow Money SBA Banks in Windsor, Connecticut
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