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May 15, 2024 |
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| Home > Small Business Lenders by State > New Mexico Business Loan Sources > Lovington, Business Loans > Western Commerce Bank Lovington Business Loans > Prepress Services Loan | ||||
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Lovington, New Mexico Bank Loan
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Growing Company Gets a New Mexico SBA LoanWant a New Mexico bank loan? This New Mexico entrepreneur got a bank loan, provided by a New Mexico bank that works with the SBA to help small business owners. This business, based in Lovington, New Mexico, offers a good example of how small businesses get financed. Taking advantage of the SBA's guaranteed loan program, they were able to get a loan from Western Commerce Bank. We've got the inside scoop on this New Mexico small business loan. SBA Loan Borrower COMPANY TYPE: PREPRESS SERVICES SBA Loan Lender WESTERN COMMERCE BANK This lender issued this particular business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 323122 - Prepress Services Loan Approval Date 5/13/2003 Loan Approval Gross Amount $47,100 Loan Approval from the SBA Of the total $47,100 loan amount, the SBA guaranteed $40,035. 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. The SBA loan application for the borrower did not indicate that the business planned to use the money to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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: Banks in Lovington, New Mexico
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