Colorado Springs, CO Entrepreneur Gets SBA Loan to Buy Sign-A-Rama Franchise

Need money to purchase a Sign-A-Rama franchise? Vista Bank has a history of making these loans and they are guaranteed by the SBA.

Sign-A-Rama franchise loans are available to Colorado Springs, Colorado entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Vista Bank, based in Colorado Springs, Colorado, issued an SBA franchise loan for a Sign-A-Rama franchise in 2002. We've got all the details on this Colorado small business loan.

SBA Loan Borrower

SIGN *A* RAMA
COLORADO SPRINGS, CO 80919

SBA Loan Lender

VISTA BANK
1310 GARDEN OF THE GODS RD
COLORADO SPRINGS, CO 80907

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

339950 - Sign Manufacturing

Loan Approval Date

7/10/2002

Loan Approval Gross Amount

$75,000

Loan Approval from the SBA

Of the total $75,000 loan amount, the SBA guaranteed $63,750.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Sign-A-Rama franchise. At the time of the loan, the company had 3 employees. The SBA loan application for the borrower did not indicate that the business planned to use the money to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Vista Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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:

SIGN*A*RAMA

Obtaining Funding - How to Borrow Money

SBA 7A Banks in Colorado Springs, Colorado

Colorado SBA 7A Lenders