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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 > Full-Service Restaurants Loan | ||||
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Banks That Lend to Hobbs Small Businesses
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New Mexico Bank Loan Issued to Full-Service Restaurants CompanyWould a New Mexico business loan help your company expand? If so, you may want to talk with this New Mexico bank, which offers SBA loans to New Mexico entrepreneurs. You can learn something about getting a small business loan in Hobbs, New Mexico by studying this loan to a local business, made back in 2005. Banks like Lea County State Bank may also be willing to lend to you, given that they granted this small business loan. SBA Loan Borrower COMPANY TYPE: FULL-SERVICE RESTAURANTS SBA Loan Lender LEA COUNTY STATE BANK This lender provides SBA loan for small businesses as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722110 - Full-Service Restaurants Loan Approval Date 5/18/2005 Loan Approval Gross Amount $450,000 Loan Approval from the SBA Of the total $450,000 loan amount, the SBA guaranteed $337,500. 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 35 employees. The SBA loan documents indicated that the loan would help generate 35 new jobs and retain 35 existing jobs. Getting an SBA Loan For Your Business If you want money for new small business in Hobbs NM, you ought to talk with a local Hobbs SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Hobbs businesses. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Lea County State Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Lea County State Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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 Banks in Hobbs, New Mexico
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