Getting an SBA Loan for Portfolio Management
With these commercial loans for portfolio management, the SBA guarantees the lender that the loan will be repaid. This portfolio management loan for $75,000 was given to a Colorado entrepreneur in 2005.
This small business received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with Flatirons Bank, out of Boulder, Colorado. The loan was granted and they received $75,000 to help grow their Denver, Colorado business.
SBA Loan Borrower
COMPANY TYPE: PORTFOLIO MANAGEMENT
DENVER, CO 80202
SBA Loan Lender
FLATIRONS BANK
5400 MT MEEKER
BOULDER, CO 80301
This lender issued this particular SBA loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
523920 - Portfolio Management
Loan Approval Date
1/27/2005
Loan Approval Gross Amount
$75,000
Loan Approval from the SBA
Of the total $75,000 loan amount, the SBA guaranteed $63,750.
More Information on This SBA Loan
The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company
had 3 employees. The loan application did not indicate that the small business promised to use the funding to increase staffing levels or retain any existing employees.
Next Steps for Getting an SBA Loan
If you are interested in getting money to start a business or need money to grow a business, an SBA loan can be a great source of funding.
Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.
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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