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November 15, 2024 |
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| Home > Small Business Lenders by State > Colorado Business Loan Sources > Salina, Business Loans > Sunflower Bank Salina Business Loans > Paint, Varnish, And Supplies Merchant Wholesalers Loan | ||||
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Colorado Small Business SBA Loans
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Firm Gets a Colorado Small Business LoanWant a Colorado small business loan? This Colorado entrepreneur got a small business loan, provided by a Kansas bank that works with the SBA to help small business owners. By giving the right information to Sunflower Bank, this Canon City, Colorado business was able to get an SBA loan. To get this loan, the loan applicant gave the lending institution and the SBA a clear description of what the loan proceeds would be used for and how they intended to pay the loan back. SBA Loan Borrower COMPANY TYPE: PAINT, VARNISH, AND SUPPLIES MERCHANT WHOLESALERS SBA Loan Lender SUNFLOWER BANK The lender provided this loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 424950 - Paint, Varnish, and Supplies Merchant Wholesalers Loan Approval Date 2/1/2007 Loan Approval Gross Amount $23,000 Loan Approval from the SBA Of the total $23,000 loan amount, the SBA guaranteed $11,500. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had only one employee. This SBA loan request indicated that the loan would help generate 2 new jobs and retain 1 existing job. Start the Process for Getting an SBA Loan Today! Don't forget. To get an SBA loan, you must apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. We've showcased information on this loan to let you know that businesses like yours 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: Microlending as a Small Business Funding Source
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