Arvada, Colorado Business Gets SBA-Guaranteed Funding from Bank Of Choice-Colorado

Bank Of Choice-Colorado and the SBA work together to get business loans for growing small businesses. Here's an example of how a Colorado entrepreneur was able to get a loan to take a small business to the next level.

This growing company knew how to go about getting a business bank loan. Based in Arvada, Colorado, they applied for and received an SBA-guaranteed loan in 2004. The lending bank was Bank Of Choice-Colorado, based in Arvada, Colorado.

SBA Loan Borrower

COMPANY TYPE: DRINKING PLACES
ARVADA, CO 80002

SBA Loan Lender

BANK OF CHOICE-COLORADO
6870 W 52ND AVE, STE 125
ARVADA, CO 80002

This debt financing 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

722410 - Drinking Places

Loan Approval Date

12/29/2004

Loan Approval Gross Amount

$123,750

Loan Approval from the SBA

Of the total $123,750 loan amount, the SBA guaranteed $105,188.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 6 employees. This SBA loan request did not indicate that the business planned to use the loan proceeds to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

This SBA loan was for $123,750. How would you spend $123,750 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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:

Attracting Investors

SBA Banks in Arvada, Colorado

SBA Lenders in Colorado