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December 26, 2024 |
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| Home > Small Business Lenders by State > Colorado Business Loan Sources > Colorado Springs, Business Loans > The Bank At Broadmoor Colorado Springs Business Loans > Packing And Crating Loan | ||||
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I Need an SBA 7A Loan in Colorado Springs, Colorado
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Financing for Packing and CratingLooking for loans for packing and crating? The SBA may be the answer. This $100,000 packing and crating loan was issued by a Colorado bank. This company knew how to go about getting a business bank loan. Based in Colorado Springs, Colorado, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was The Bank At Broadmoor, based in Colorado Springs, Colorado. SBA Loan Borrower COMPANY TYPE: PACKING AND CRATING SBA Loan Lender THE BANK AT BROADMOOR 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 488991 - Packing and Crating Loan Approval Date 12/17/2002 Loan Approval Gross Amount $100,000 Loan Approval from the SBA Of the total $100,000 loan amount, the SBA guaranteed $85,000. 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 3 employees. The SBA loan application for the borrower did not indicate that the business promised to use the money to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan Although it's called an SBA loan, you 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. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like The Bank At Broadmoor and they will explain how you can get an SBA loan for your company. 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: Banking Deregulation's Effects on Entrepreneurship Small Business Banks in Colorado Springs, Colorado
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