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 2000. The lending bank was Bank Of Choice-Colorado, based in Arvada, Colorado.

SBA Loan Borrower

COMPANY TYPE: FABRICATED METAL PRODUCTS
ARVADA, CO 80002

SBA Loan Lender

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

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.

SIC Code

3499 - Fabricated Metal Products

Loan Approval Date

8/28/2000

Loan Approval Gross Amount

$39,400

Loan Approval from the SBA

Of the total $39,400 loan amount, the SBA guaranteed $31,520.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. The SBA loan documents did not indicate that the company promised to use the funding to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $39,400 loan. Remember, fight for what you want, and it will be yours!

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:

Alternative Financing

Small Business Banks in Arvada, Colorado

SBA Participating Banks in Colorado