Local Business Gets a Colorado Bank Loan
ColoradoBusiness loans are available to Colorado business owners through the SBA. In this case, a Colorado bank provides the loan.
By giving the right information to Peoples National Bank Leadville, this Aspen, Colorado business was able to get an SBA loan. To get this loan, the business owner gave the lending institution and the SBA a clear description of what the loan proceeds would be used for and how they intended to pay the loan back.
SBA Loan Borrower
COMPANY TYPE: SPECIAL TRADE CONTRACTORS
ASPEN, CO 81611
SBA Loan Lender
PEOPLES NATIONAL BANK LEADVILLE
400 HARRISON AVE
LEADVILLE, CO 80461
SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This business loan was issued via the SBA 7a lending program.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
235990 - Special Trade Contractors
Loan Approval Date
5/18/2004
Loan Approval Gross Amount
$1,405,000
Loan Approval from the SBA
Of the total $1,405,000 loan amount, the SBA guaranteed $1,053,750.
More Information on This SBA Loan
The borrower borrowed this money for an existing 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 7 employees. The loan application did not indicate that the company promised to use the loan proceeds to hire new employees or retain any existing employees.
Next Steps for Getting an SBA Loan
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.
Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.
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:
Debt Financing
Banks in Leadville, Colorado
Colorado SBA 7A Lenders