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November 15, 2024 |
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| Home > Small Business Lenders by State > Colorado Business Loan Sources > Boulder, Business Loans > Firstbank Of Boulder Boulder Business Loans > Ice Cream And Frozen Dessert Manufacturing Loan | ||||
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SBA Lenders for Boulder, Colorado Small Business Owners
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Boulder, Colorado Entrepreneur Gets a Business LoanColoradoBusiness loans are available to Colorado business owners through the SBA. In this case, a Colorado bank provides the loan. This business, based in Boulder, Colorado, offers a good example of how small businesses get financed. Taking advantage of the SBA's guaranteed loan program, they were able to get a loan from Firstbank Of Boulder. We've got the inside scoop on this Colorado small business loan. SBA Loan Borrower COMPANY TYPE: ICE CREAM AND FROZEN DESSERT MANUFACTURING SBA Loan Lender FIRSTBANK OF BOULDER This was a Low Documentation SBA loan. The SBA launched this program to limit the paperwork associated with getting a loan . The low-doc program involves completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 311520 - Ice Cream and Frozen Dessert Manufacturing Loan Approval Date 10/16/2001 Loan Approval Gross Amount $87,000 Loan Approval from the SBA Of the total $87,000 loan amount, the SBA guaranteed $73,950. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 9 employees. The SBA loan documents did not indicate that the small business promised to use the money to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? If you need business start up money in Boulder CO, you ought to talk with a local Boulder SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Boulder businesses. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $87,000 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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: Small Business Banks in Boulder, Colorado
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