Business Loan from Community Banks Of Colorado Given to Industrial Building Construction Company

Community Banks Of Colorado 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 received financial assistance through the SBA's lending programs back in 2007. They applied for an SBA loan with Community Banks Of Colorado, out of Denver, Colorado. The loan was granted and they received $518,000 to help grow their Denver, Colorado business.

SBA Loan Borrower

COMPANY TYPE: INDUSTRIAL BUILDING CONSTRUCTION
DENVER, CO 80223

SBA Loan Lender

COMMUNITY BANKS OF COLORADO
3473 W 32ND AVE
DENVER, CO 80211

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA business loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

236210 - Industrial Building Construction

Loan Approval Date

2/1/2007

Loan Approval Gross Amount

$518,000

Loan Approval from the SBA

Of the total $518,000 loan amount, the SBA guaranteed $388,500.

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 43 employees. The SBA loan application for the borrower indicated that the loan would help generate 3 new jobs and retain 40 existing jobs.

Next Steps for Getting an SBA Loan

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Community Banks Of Colorado had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Community Banks Of Colorado made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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.

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