Household Appliance Stores Bank Loans

With these bank loans for household appliance stores, the SBA guarantees the lender that the loan will be repaid. This household appliance stores loan for $332,000 was given to a Colorado entrepreneur in 2001.

Getting a small business loan in Avon, Colorado was important for this growing firm back in 2001 and, based on their loan application, they were successful in getting an SBA loan from Cit Small Business Lending Corp, operating out of Golden, Colorado. Here are the details on this Colorado small business loan.

SBA Loan Borrower

COMPANY TYPE: HOUSEHOLD APPLIANCE STORES
AVON, CO 81620

SBA Loan Lender

CIT SMALL BUSINESS LENDING CORP
1526 COLE BLVD., BLDG #3, STE
GOLDEN, CO 80401

When it made this small business loan, this bank was part of the SBA's Certified Lenders Program (CLP). This program aims to give quick service on loan applications received from lenders who have a successful SBA lending track record and a thorough understanding of SBA policies and procedures. CLP lenders perform a complete analysis of the application and, in return, SBA promises a fast loan decision.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

443111 - Household Appliance Stores

Loan Approval Date

12/18/2001

Loan Approval Gross Amount

$332,000

Loan Approval from the SBA

Of the total $332,000 loan amount, the SBA guaranteed $249,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 6 employees. The SBA loan documents did not indicate that the small business planned to use the money to add 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.

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 Cit Small Business Lending Corp 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:

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Banks in Golden, Colorado

Where to Get an SBA Loan Colorado