SBA Loan from Firstbank Of Douglas County Helps Motor Vehicle Body Manufacturing Company

An SBA loan from Firstbank Of Douglas County typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Castle Rock, Colorado business owner got a $125,000 loan.

This business received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with Firstbank Of Douglas County, out of Castle Rock, Colorado. The loan was granted and they received $125,000 to help grow their Castle Rock, Colorado business.

SBA Loan Borrower

COMPANY TYPE: MOTOR VEHICLE BODY MANUFACTURING
CASTLE ROCK, CO 80104

SBA Loan Lender

FIRSTBANK OF DOUGLAS COUNTY
2 PLUM CREEK PKWY
CASTLE ROCK, CO 80104

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

336211 - Motor Vehicle Body Manufacturing

Loan Approval Date

3/8/2005

Loan Approval Gross Amount

$125,000

Loan Approval from the SBA

Of the total $125,000 loan amount, the SBA guaranteed $106,250.

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 3 employees. The loan application did not indicate that the company promised to use the money to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

We can help you find the best banks for small businesses in Castle Rock or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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.

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