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May 18, 2024 |
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| Home > Small Business Lenders by State > New Mexico Business Loan Sources > Santa Fe, Business Loans > Charter Bank Santa Fe Business Loans > One-Hour Photofinishing Loan | ||||
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Tips for Small Businesses On Getting a Loan
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Commercial Loans for One-Hour PhotofinishingLooking for commercial loans for one-hour photofinishing? Try the SBA. This $110,000 one-hour photofinishing loan was issued by a New Mexico bank. This business knew how to go about getting a business bank loan. Based in Santa Fe, New Mexico, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was Charter Bank, based in Santa Fe, New Mexico. SBA Loan Borrower COMPANY TYPE: ONE-HOUR PHOTOFINISHING SBA Loan Lender CHARTER BANK This was a Low Documentation SBA loan. The SBA created this program to limit the paperwork associated with getting a loan . The low-doc program requires completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 812922 - One-Hour Photofinishing Loan Approval Date 11/5/2001 Loan Approval Gross Amount $110,000 Loan Approval from the SBA Of the total $110,000 loan amount, the SBA guaranteed $93,500. More Information on This SBA Loan The borrower borrowed this money for a new 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 4 employees. This SBA loan request did not indicate that the SBA funding recipient promised to use the money to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans provide money to small business owners for working capital for other expenses. We can help you find the best banks for small businesses in Santa Fe or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: How Much Venture Capital Is There? SBA Banks in Santa Fe, New Mexico
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