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May 17, 2024 |
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| Home > Small Business Lenders by State > New Mexico Business Loan Sources > Hobbs, Business Loans > Lea County State Bank Hobbs Business Loans > Specialized Long-Distance Freight Trucking Loan | ||||
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Hobbs, New Mexico SBA 7A Banks
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Hobbs, New Mexico Bank Lends Money to Specialized Long-Distance Freight Trucking Company in Artesia, New MexicoThinking about meeting with a Hobbs, New Mexico bank about a small business loan? Here's one New Mexico business loan, issued by a Hobbs bank, that was approved by the SBA. Applying for an SBA loan with Lea County State Bank worked out well for our friends at one local firm in Artesia, New Mexico. The business was able to get an SBA loan for $702,000. Nice! SBA Loan Borrower COMPANY TYPE: SPECIALIZED LONG-DISTANCE FREIGHT TRUCKING SBA Loan Lender LEA COUNTY STATE BANK This SBA loan was provided by a banker with SBA Certified Lenders Program (CLP) status. CLP lenders who submit loans to the SBA get more expeditious service from the SBA on their loan applications. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 484230 - Specialized Long-Distance Freight Trucking Loan Approval Date 3/22/2002 Loan Approval Gross Amount $702,000 Loan Approval from the SBA Of the total $702,000 loan amount, the SBA guaranteed $526,500. 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 50 employees. The SBA loan documents did not indicate that the business planned to use the loan proceeds to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! Every year, the SBA guarantees over $10 billion for loans just like this one. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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: The Friends and Family Network Good Banks for Small Business in Hobbs, New Mexico
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