Farmington, New Mexico Bank Lends Money to Home Furnishings Stores Company in Aspen, Colorado

Want to talk with a Farmington, New Mexico bank about an SBA loan? Here's one Colorado business loan, issued by a Farmington bank, that was approved by the SBA.

Applying for an SBA loan with Vectra Bank Colorado worked out well for our friends at one local company in Aspen, Colorado. The business was able to get an SBA loan for $263,680. Way to go!

SBA Loan Borrower

COMPANY TYPE: HOME FURNISHINGS STORES
ASPEN, CO 81611

SBA Loan Lender

VECTRA BANK COLORADO
2000 E 20TH ST
FARMINGTON, NM 87401

This lender provides SBA 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.

NAICS Code

442299 - Home Furnishings Stores

Loan Approval Date

5/17/2007

Loan Approval Gross Amount

$263,680

Loan Approval from the SBA

Of the total $263,680 loan amount, the SBA guaranteed $197,760.

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 4 employees. The SBA loan documents indicated that the loan would help generate 3 new jobs and retain 4 existing jobs.

Start the Process for Getting an SBA Loan Today!

Many small businesses receive loans backed by the U.S. Small Business Administration.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Vectra Bank Colorado had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Vectra Bank Colorado made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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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