Las Cruces, New Mexico Business Gets SBA-Guaranteed Funding from Bank Of The Southwest

Bank Of The Southwest is a source for SBA loans that have lower down payments and longer repayment terms than many other financing options. To help you understand SBA loans, we've featured one New Mexico entrepreneur who tapped into the power of SBA loans.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Las Cruces, New Mexico was able to borrow $67,785 from Bank Of The Southwest. The SBA made the loan possible by guaranteeing $57,617 of this New Mexico small business loan.

SBA Loan Borrower

COMPANY TYPE: LOCKSMITHS
LAS CRUCES, NM 88001

SBA Loan Lender

BANK OF THE SOUTHWEST
605 N WATER ST
LAS CRUCES, NM 88001

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide SBA loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

561622 - Locksmiths

Loan Approval Date

12/4/2001

Loan Approval Gross Amount

$67,785

Loan Approval from the SBA

Of the total $67,785 loan amount, the SBA guaranteed $57,617.

More Information on This SBA Loan

The borrower borrowed this money for an existing 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 2 employees. This SBA loan request did not indicate that the small business promised to use the loan proceeds to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

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 Southwest 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:

Bank Credit Lines

SBA 7A Banks for Las Cruces, New Mexico Loans

SBA Lenders in New Mexico