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May 13, 2024 |
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| Home > Small Business Lenders by State > New Mexico Business Loan Sources > Carlsbad, Business Loans > Western Commerce Bank Carlsbad Business Loans > Florists Loan | ||||
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NM SBA Loans from Western Commerce Bank
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Western Commerce Bank SBA Loan to Florists CompanyWestern Commerce Bank has a track record as a leading provider of SBA loans. Find out how this New Mexico entrepreneur received an SBA loan from them. This growing company knew how to go about getting a business bank loan. Based in Lovington, New Mexico, they applied for and received an SBA-guaranteed loan in 2008. The lending bank was Western Commerce Bank, based in Carlsbad, New Mexico. SBA Loan Borrower COMPANY TYPE: FLORISTS SBA Loan Lender WESTERN COMMERCE 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 453110 - Florists Loan Approval Date 1/31/2008 Loan Approval Gross Amount $85,000 Loan Approval from the SBA Of the total $85,000 loan amount, the SBA guaranteed $72,250. 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. This SBA loan request indicated that the loan would help retain 1 existing job. Next Steps for Getting an SBA Loan SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses. 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 $85,000 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: SBA 7A Lenders in Carlsbad, New Mexico
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