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November 15, 2024 |
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| Home > Small Business Lenders by State > Colorado Business Loan Sources > Leadville, Business Loans > Peoples National Bank Leadville Leadville Business Loans > Custom Computer Programming Services Loan | ||||
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Getting a Small Business Loan from Peoples National Bank Leadville
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Peoples National Bank Leadville SBA Loan to Custom Computer Programming Services CompanyPeoples National Bank Leadville and the SBA work together to get business loans for growing small businesses. Here's an example of how a Colorado entrepreneur was able to get a loan to take a small business to the next level. Getting a small business loan in Buena Vista, Colorado was an essential business goal for this company back in 2001 and, based on their loan application, they were successful in getting an SBA loan from Peoples National Bank Leadville, operating out of Leadville, Colorado. Here are the details on this Colorado small business loan. SBA Loan Borrower COMPANY TYPE: CUSTOM COMPUTER PROGRAMMING SERVICES SBA Loan Lender PEOPLES NATIONAL BANK LEADVILLE This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 541511 - Custom Computer Programming Services Loan Approval Date 11/2/2001 Loan Approval Gross Amount $84,000 Loan Approval from the SBA Of the total $84,000 loan amount, the SBA guaranteed $71,400. 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 2 employees. The loan application did not indicate that the business planned to use the funding to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business Every year, the SBA guarantees over $10 billion for loans just like this one. While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan. 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: Obtaining Funding - How to Borrow Money Best Banks in Leadville, Colorado
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