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April 28, 2024 |
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| Home > Small Business Lenders by State > New Mexico Business Loan Sources > Houston, Business Loans > Banco Popular North America Houston Business Loans > Office Supplies And Stationery Loan | ||||
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Banks for Business Owners in New Mexico
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Local Business Gets a New Mexico Business LoanWant a New Mexico business loan? This New Mexico entrepreneur got a business loan, provided by a Texas bank that works with the SBA to help small business owners. 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 2003. Banks like Banco Popular North America may also be willing to lend to you, given that they granted this small business loan. SBA Loan Borrower COMPANY TYPE: OFFICE SUPPLIES AND STATIONERY SBA Loan Lender BANCO POPULAR NORTH AMERICA This SBA 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. NAICS Code 453210 - Office Supplies and Stationery Loan Approval Date 8/28/2003 Loan Approval Gross Amount $530,000 Loan Approval from the SBA Of the total $530,000 loan amount, the SBA guaranteed $397,500. 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 18 employees. The loan application did not indicate that the SBA funding recipient planned to use the money to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business SBA loans provide money to small business owners for working capital for other expenses. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $530,000 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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: Obtaining Funding From a Venture Capitalist Small Bank Loans in Houston, Texas
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