Business Loans for Direct Mail Advertising
With these business loans for direct mail advertising, the SBA guarantees the lender that the loan will be repaid. This direct mail advertising loan for $94,000 was given to a Colorado entrepreneur in 2003.
Getting a small business loan in Aurora, Colorado was important for this small business back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Commerce Bank, operating out of Kansas City, Missouri. Here are the details on this Colorado small business loan.
SBA Loan Borrower
COMPANY TYPE: DIRECT MAIL ADVERTISING
AURORA, CO 80011
SBA Loan Lender
COMMERCE BANK
1000 WALNUT ST
KANSAS CITY, MO 64141
This lender issued this particular commercial loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
541860 - Direct Mail Advertising
Loan Approval Date
3/3/2003
Loan Approval Gross Amount
$94,000
Loan Approval from the SBA
Of the total $94,000 loan amount, the SBA guaranteed $79,900.
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 6 employees. The SBA loan documents did not indicate that the business 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?
SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.
Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Commerce Bank and they will explain how you can get an SBA loan for your company.
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:
Alternative Financing
SBA 7A Lenders in Kansas City, Missouri
Missouri SBA 7A Lenders