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November 21, 2024 |
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| Home > Small Business Lenders by State > Colorado Business Loan Sources > Phoenix, Business Loans > Cobiz Bank Phoenix Business Loans > Frozen Specialty Food Manufacturing Loan | ||||
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Cobiz Bank Small Business Denver
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Denver, Colorado Business Gets SBA-Guaranteed Funding from Cobiz BankCobiz Bank has a track record as a leading provider of SBA loans. Find out how this Colorado entrepreneur received an SBA loan from them. This small firm knew how to go about getting a business bank loan. Based in Denver, Colorado, they applied for and received an SBA-guaranteed loan in 2002. The lending bank was Cobiz Bank, based in Phoenix, Arizona. SBA Loan Borrower COMPANY TYPE: FROZEN SPECIALTY FOOD MANUFACTURING SBA Loan Lender COBIZ BANK The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide business loans to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 311412 - Frozen Specialty Food Manufacturing Loan Approval Date 3/13/2002 Loan Approval Gross Amount $850,000 Loan Approval from the SBA Of the total $850,000 loan amount, the SBA guaranteed $637,500. 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 8 employees. The loan application did not indicate that the SBA funding recipient planned to use the money to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan Every year, the SBA guarantees over $10 billion for loans just like this one. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Cobiz Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP). 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: Small Business Banks in Phoenix, Arizona
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