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

Fort Morgan, Colorado SBA Lenders

 

 
Loan Census SBA Loan Info

Fort Morgan, Colorado Bank Lends Money to Service Establishment Equipment And Supplies Company in Denver, Colorado

Get small business loans from a Fort Morgan, Colorado bank that knows how to treat small business owners right! If this company can get a loan, there's no reason you can't do it too.

Farmers St. Bank - Ft Morgan Col is a Fort Morgan, Colorado small business lender that is dedicated to providing financing to small businesses. In this case, they gave a small business loan to a Colorado company.

SBA Loan Borrower

COMPANY TYPE: SERVICE ESTABLISHMENT EQUIPMENT AND SUPPLIES
DENVER, CO 80216

SBA Loan Lender

FARMERS ST. BANK - FT MORGAN COL
123 E KIOWA AVE
FORT MORGAN, CO 80701

This lender issued this particular small business 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.

SIC Code

5087 - Service Establishment Equipment and Supplies

NAICS Code

421990 - Durable Goods Wholesalers

Loan Approval Date

11/20/2000

Loan Approval Gross Amount

$84,000

Loan Approval from the SBA

Of the total $84,000 loan amount, the SBA guaranteed $67,200.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had only one employee. The SBA loan documents did not indicate that the SBA funding recipient planned to use the loan proceeds to increase staffing levels or retain any existing employees.

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

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.

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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