Colorado Springs, Colorado Business Gets SBA-Guaranteed Funding from Adams Bank & Trust

Adams Bank & Trust has a track record as a leading provider of SBA loans. Find out how this Colorado entrepreneur received an SBA loan from them.

Getting a small business loan in Colorado Springs, 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 Adams Bank & Trust, operating out of Colorado Springs, Colorado. Here are the details on this Colorado small business loan.

SBA Loan Borrower

COMPANY TYPE: COMPUTER TRAINING
COLORADO SPRINGS, CO 80918

SBA Loan Lender

ADAMS BANK & TRUST
8 S NEVADA AVE
COLORADO SPRINGS, CO 80903

This lender issued this particular loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

611420 - Computer Training

Loan Approval Date

10/12/2001

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

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 7 employees. The loan application did not indicate that the SBA funding recipient planned to use the funding to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

If you are interested in getting money to start a business or already have a business and need money to expand, an SBA loan can be a great source of funding.

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 $150,000 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.

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