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April 23, 2024 |
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| Home > Small Business Lenders by State > New Mexico Business Loan Sources > Roswell, Business Loans > Bank Of The Southwest Roswell Business Loans > Auto Source Inc Loan | ||||
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Where to Get an SBA 7A Loan to Purchase a Franchise
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Bank Of The Southwest Provides SBA Loan to Buy Thrifty Rent-A-Car FranchiseNeed money to buy a Thrifty Rent-A-Car franchise? Bank Of The Southwest has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Roswell, New Mexico needed money to invest in a Thrifty Rent-A-Car franchise back in 2002. Bank Of The Southwest issued an SBA franchise loan. Here are the details on this New Mexico small business loan. SBA Loan Borrower AUTO SOURCE INC SBA Loan Lender BANK OF THE SOUTHWEST This loan for a small business was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 441110 - New Car Dealers Loan Approval Date 3/19/2002 Loan Approval Gross Amount $264,000 Loan Approval from the SBA Of the total $264,000 loan amount, the SBA guaranteed $198,000. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Thrifty Rent-A-Car franchise. At the time of the loan, the company had 9 employees. The SBA loan application for the borrower did not indicate that the company planned to use the funding to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory. If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from Bank Of The Southwest so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. 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 Roswell, New Mexico
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