Loan Census Banking News and Information
November 23, 2024  
 
 
  Business Loan Information  
 

Raising Money in Denver, Colorado With SBA Loans

 

 
Loan Census SBA Loan Info

Lawyers Commercial Loans

Looking for commercial loans for lawyers? An SBA loan may be just what you've been looking for. This $639,000 lawyers loan was issued by a California bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Denver, Colorado was able to borrow $639,000 from Wachovia Sba Lending, Inc.. The SBA made the loan possible by guaranteeing $479,250 of this Colorado small business loan.

SBA Loan Borrower

COMPANY TYPE: LAWYERS
DENVER, CO 80206

SBA Loan Lender

WACHOVIA SBA LENDING, INC.
1620 E. ROSEVILLE PKWY, STE 1
ROSEVILLE, CA 95661

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

541110 - Lawyers

Loan Approval Date

6/12/2002

Loan Approval Gross Amount

$639,000

Loan Approval from the SBA

Of the total $639,000 loan amount, the SBA guaranteed $479,250.

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 3 employees. This SBA loan request indicated that the loan would help generate 1 new job and retain 3 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

Many small businesses receive loans backed by the U.S. Small Business Administration.

This SBA loan was for $639,000. How would you spend $639,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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:

Alternative Financing

SBA 7A Banks in Roseville, California

Where to Get an SBA Loan California