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May 18, 2024 |
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| Home > Small Business Lenders by State > New Mexico Business Loan Sources > Grants, Business Loans > Grants State Bank Grants Business Loans > Coin-Operated Laundries And Drycleaning Loan | ||||
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How to Get an SBA Loan in Grants, New Mexico
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Grants, New Mexico Entrepreneur Gets a Business LoanNew MexicoBank loans are available to New Mexico firms through the SBA. In this case, a New Mexico bank provides the loan. You can learn something about getting a small business loan in Grants, New Mexico by studying this loan to a local company, made back in 2000. Banks like Grants State Bank may also be willing to lend to you, given that they granted this small business loan. SBA Loan Borrower COMPANY TYPE: COIN-OPERATED LAUNDRIES AND DRYCLEANING SBA Loan Lender GRANTS STATE BANK This SBA 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. SIC Code 7215 - Coin-Operated Laundries and Drycleaning NAICS Code 812310 - Coin-Operated Laundries and Drycleaners Loan Approval Date 5/24/2000 Loan Approval Gross Amount $152,600 Loan Approval from the SBA Of the total $152,600 loan amount, the SBA guaranteed $114,450. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 5 employees. The SBA loan documents did not indicate that the business planned to use the money to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. 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 Grants State Bank 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: Best Grants, New Mexico Banks for Small Business
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