Business Loans for Direct Life Insurance Carriers

With these business loans for direct life insurance carriers, the SBA guarantees the lender that the loan will be repaid. This direct life insurance carriers loan for $145,000 was given to a Colorado entrepreneur in 2003.

Getting a small business loan in Craig, Colorado was important for this small business back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Bank Of Colorado, operating out of Fort Collins, Colorado. Here are the details on this Colorado small business loan.

SBA Loan Borrower

COMPANY TYPE: DIRECT LIFE INSURANCE CARRIERS
CRAIG, CO 81625

SBA Loan Lender

BANK OF COLORADO
1609 E HARMONY RD
FORT COLLINS, CO 80525

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

524113 - Direct Life Insurance Carriers

Loan Approval Date

6/25/2003

Loan Approval Gross Amount

$145,000

Loan Approval from the SBA

Of the total $145,000 loan amount, the SBA guaranteed $123,250.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had only one employee. The SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the funding to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans provide smart, affordable business financing for small businesses looking to expand.

If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from Bank Of Colorado so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

Business Incubators

Good Banks for Small Business in Fort Collins, Colorado

Colorado SBA 7A Lenders