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May 7, 2024 |
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| Home > Small Business Lenders by State > New Mexico Business Loan Sources > Taos, Business Loans > First Community Bank Taos Business Loans > Semiconductor And Related Device Manufacturing Loan | ||||
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New Mexico SBA 7A Lenders
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Taos, New Mexico Bank Gives SBA Loan to Semiconductor And Related Device Manufacturing CompanyThinking about meeting with a Taos, New Mexico bank about a small business loan? Here's one New Mexico business loan, issued by a Taos bank, that was approved by the SBA. Applying for an SBA loan with First Community Bank worked out well for our friends at one local firm in Albuquerque, New Mexico. They got an SBA loan for $25,000. Awesome! SBA Loan Borrower COMPANY TYPE: SEMICONDUCTOR AND RELATED DEVICE MANUFACTURING SBA Loan Lender FIRST COMMUNITY BANK This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 334413 - Semiconductor and Related Device Manufacturing Loan Approval Date 12/23/2003 Loan Approval Gross Amount $25,000 Loan Approval from the SBA Of the total $25,000 loan amount, the SBA guaranteed $12,500. 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 5 employees. The SBA loan documents indicated that the loan would help generate 2 new jobs and retain 7 existing jobs. Great, But How Can I Get an SBA Loan for My Business? SBA loans provide money to small business owners for working capital for other expenses. While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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: SBA 7A Lenders in Taos, New Mexico
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