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May 4, 2024 |
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| Home > Small Business Lenders by State > New Mexico Business Loan Sources > Austin, Business Loans > Wells Fargo Bank Austin Business Loans > Business Services Loan | ||||
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Texas Bank SBA Loans
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Wells Fargo Bank SBA Loan to Business Services CompanySearching for a New Mexico business loan? Here's one New Mexico business loan that was approved by the SBA. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Farmington, New Mexico was able to borrow $18,500 from Wells Fargo Bank. The SBA made the loan possible by guaranteeing $9,250 of this New Mexico small business loan. SBA Loan Borrower COMPANY TYPE: BUSINESS SERVICES SBA Loan Lender WELLS FARGO BANK The lender provided this SBA business loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. SIC Code 7389 - Business Services Loan Approval Date 6/26/2000 Loan Approval Gross Amount $18,500 Loan Approval from the SBA Of the total $18,500 loan amount, the SBA guaranteed $9,250. More Information on This SBA Loan The borrower borrowed this money for a new 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 only one employee. The SBA loan application for the borrower indicated that the loan would help retain 1 existing job. Great, But How Can I Get an SBA Loan for My Business? Many small businesses receive loans backed by the U.S. Small Business Administration. We can help you find the best banks for small businesses in Farmington or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: Find an SBA Lender in Austin, Texas Where to Get an SBA Loan Texas
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