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November 21, 2024 |
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| Home > Small Business Lenders by State > Colorado Business Loan Sources > Truckee, Business Loans > Bank Of The West Truckee Business Loans > Hardware Stores Loan | ||||
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Colorado Business Loan from Bank Of The West
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SBA Loan from Bank Of The West Helps Hardware Stores CompanyBank Of The West is a source for SBA loans that have lower down payments and longer repayment terms than many other financing options. To help you understand SBA loans, we've featured one Colorado entrepreneur who tapped into the power of SBA loans. Getting a small business loan in Arvada, Colorado was an essential business goal for this small business back in 2000 and, based on their loan application, they were successful in getting an SBA loan from Bank Of The West, operating out of Truckee, California. Here are the details on this Colorado small business loan. SBA Loan Borrower COMPANY TYPE: HARDWARE STORES SBA Loan Lender BANK OF THE WEST This lender provides SBA guaranteed business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5251 - Hardware Stores NAICS Code 444130 - Hardware Stores Loan Approval Date 3/22/2000 Loan Approval Gross Amount $303,000 Loan Approval from the SBA Of the total $303,000 loan amount, the SBA guaranteed $227,250. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 6 employees. The SBA loan documents indicated that the loan would help generate 2 new jobs and retain 8 existing jobs. Great, But How Can I Get an SBA Loan for My Business? If you are raising money in Arvada CO, you ought to talk with a local Arvada SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Arvada businesses. 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: Obtaining Funding - Friends and Family SBA Participating Banks in Truckee, California
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