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November 14, 2024 |
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| Home > Small Business Lenders by State > Colorado Business Loan Sources > Grand Junction, Business Loans > First National Bank - Rockies Grand Junction Business Loans > Motor Vehicle Dealers Loan | ||||
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Who Can Get a Business Loan in Craig, Colorado?
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Loans for New Car DealersLooking for loans for new car dealers? Try the SBA. This $614,000 new car dealers loan was issued by a Colorado bank. Getting a small business loan in Craig, Colorado was important for this growing firm back in 2001 and, based on their loan application, they were successful in getting an SBA loan from First National Bank - Rockies, operating out of Grand Junction, Colorado. Here are the details on this Colorado small business loan. SBA Loan Borrower COMPANY TYPE: MOTOR VEHICLE DEALERS SBA Loan Lender FIRST NATIONAL BANK - ROCKIES This SBA business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5511 - Motor Vehicle Dealers NAICS Code 441110 - New Car Dealers Loan Approval Date 5/17/2001 Loan Approval Gross Amount $614,000 Loan Approval from the SBA Of the total $614,000 loan amount, the SBA guaranteed $460,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 34 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the money to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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: Microlending as a Small Business Funding Source Small Business Banks in Grand Junction, Colorado
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