Get an SBA Loan for Building Material Dealers

Looking for loans for building material dealers? The SBA may be the answer. This $422,000 building material dealers loan was issued by a Colorado bank.

This small firm received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with Bank Of Colorado, out of Colorado Springs, Colorado. The loan was granted and they received $422,000 to help grow their Black Forest, Colorado business.

SBA Loan Borrower

COMPANY TYPE: BUILDING MATERIAL DEALERS
BLACK FOREST, CO 80908

SBA Loan Lender

BANK OF COLORADO
11580 BLACK FOREST RD, STE 55
COLORADO SPRINGS, CO 80908

This lender issued this commercial loan under the 7A SBA program, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

444190 - Building Material Dealers

Loan Approval Date

1/23/2006

Loan Approval Gross Amount

$422,000

Loan Approval from the SBA

Of the total $422,000 loan amount, the SBA guaranteed $316,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 6 employees. The SBA loan application for the borrower did not indicate that the business promised to use the loan proceeds to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

Every year, the SBA guarantees over $10 billion for loans just like this one.

This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? Maybe you need money to buy a business? Regardless of why you need money, guaranteed SBA loans may be the right answer 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:

Equity Financing

SBA Banks in Colorado Springs, Colorado

Getting a Business Loan in Colorado