SBA Loans for Game, Toy, and Children's Vehicle Manufacturing

With these SBA loans for game, toy, and children's vehicle manufacturing, the SBA guarantees the lender that the loan will be repaid. This game, toy, and children's vehicle manufacturing loan for $150,000 was given to a New Mexico entrepreneur in 2001.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Los Alamos, New Mexico was able to borrow $150,000 from Los Alamos National Bank. The SBA made the loan possible by guaranteeing $127,500 of this New Mexico small business loan.

SBA Loan Borrower

COMPANY TYPE: GAME, TOY, AND CHILDREN'S VEHICLE MANUFACTURING
LOS ALAMOS, NM 87544

SBA Loan Lender

LOS ALAMOS NATIONAL BANK
1200 TRINITY DR
LOS ALAMOS, NM 87544

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

339932 - Game, Toy, and Children's Vehicle Manufacturing

Loan Approval Date

4/27/2001

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had only one employee. The SBA loan application for the borrower did not indicate that the business planned to use the money to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

If you are raising money in Los Alamos NM, you ought to talk with a local Los Alamos SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Los Alamos businesses.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $150,000 loan. Remember, if it to be, it is up to me!

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:

Angel Investors

SBA Participating Banks in Los Alamos, New Mexico

SBA Lenders in New Mexico