Arvada, Colorado Business Gets SBA-Guaranteed Funding from Umb Bank Colorado

An SBA loan from Umb Bank Colorado typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, an Arvada, Colorado business owner got a $140,000 loan.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Arvada, Colorado was able to borrow $140,000 from Umb Bank Colorado. The SBA made the loan possible by guaranteeing $119,000 of this Colorado small business loan.

SBA Loan Borrower

COMPANY TYPE: MANUFACTURING
ARVADA, CO 80002

SBA Loan Lender

UMB BANK COLORADO
1670 BROADWAY
DENVER, CO 80202

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

339999 - Manufacturing

Loan Approval Date

9/10/2003

Loan Approval Gross Amount

$140,000

Loan Approval from the SBA

Of the total $140,000 loan amount, the SBA guaranteed $119,000.

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 only one employee. The SBA loan documents did not indicate that the company planned to use the funding to hire new employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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.

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