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May 9, 2024 |
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| Home > Small Business Lenders by State > New Mexico Business Loan Sources > Salt Lake City, Business Loans > Bank Of The West Salt Lake City Business Loans > Furniture Stores Loan | ||||
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SBA Loan from Bank Of The West
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SBA Loan from Bank Of The West Helps Furniture Stores CompanyAn SBA loan from Bank Of The West typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Las Cruces, New Mexico business owner got a $241,500 loan. This growing company knew how to go about getting a business bank loan. Based in Las Cruces, New Mexico, they applied for and received an SBA-guaranteed loan in 2000. The lending bank was Bank Of The West, based in Salt Lake City, Utah. SBA Loan Borrower COMPANY TYPE: FURNITURE STORES SBA Loan Lender BANK OF THE WEST This lender provides SBA debt financing 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. SIC Code 5712 - Furniture Stores NAICS Code 442110 - Furniture Stores Loan Approval Date 5/1/2000 Loan Approval Gross Amount $241,500 Loan Approval from the SBA Of the total $241,500 loan amount, the SBA guaranteed $181,125. 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 9 employees. The SBA loan application for the borrower indicated that the loan would help retain 9 existing jobs. Great, But How Can I Get an SBA Loan for My Business? SBA loans provide money to small business owners for working capital for other expenses. 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 Bank Of The West 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: Who Lends Money to Small Businesses in Salt Lake City, Utah
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