Bank Of Choice-Colorado Gives Bank Loan to Junior Colleges Company

ColoradoBusiness loans are available to Colorado business owners through the SBA. In this case, a Colorado bank provides the loan.

This small 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 Bank Of Choice-Colorado. We've got the inside scoop on this Colorado small business loan.

SBA Loan Borrower

COMPANY TYPE: JUNIOR COLLEGES
BOULDER, CO 80305

SBA Loan Lender

BANK OF CHOICE-COLORADO
6870 W 52ND AVE, STE 125
ARVADA, CO 80002

This commercial loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

611210 - Junior Colleges

Loan Approval Date

6/18/2003

Loan Approval Gross Amount

$225,525

Loan Approval from the SBA

Of the total $225,525 loan amount, the SBA guaranteed $169,144.

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 4 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the money to increase staffing levels or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

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:

Bank Credit Lines

SBA Participating Banks in Arvada, Colorado

Getting an SBA Loan in Colorado