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November 21, 2024 |
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| Home > Small Business Lenders by State > Colorado Business Loan Sources > Farmington, Business Loans > Vectra Bank Colorado Farmington Business Loans > Services Loan | ||||
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Colorado Small Business Loans from Vectra Bank Colorado
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SBA Loan from Vectra Bank Colorado Helps Services CompanyAn SBA loan from Vectra 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 $90,000 loan. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Arvada, Colorado was able to borrow $90,000 from Vectra Bank Colorado. The SBA made the loan possible by guaranteeing $72,000 of this Colorado small business loan. SBA Loan Borrower COMPANY TYPE: SERVICES SBA Loan Lender VECTRA BANK COLORADO This lender provides SBA debt financing 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 8999 - Services Loan Approval Date 5/26/2000 Loan Approval Gross Amount $90,000 Loan Approval from the SBA Of the total $90,000 loan amount, the SBA guaranteed $72,000. 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 12 employees. The SBA loan documents indicated that the funding would help generate 3 new jobs. Getting an SBA Loan For Your Business Many small businesses receive loans backed by the U.S. Small Business Administration. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Vectra Bank Colorado are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you. 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: Good Banks for Small Business in Farmington, New Mexico
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