Derby, Colorado Entrepreneur Gets a Bank Loan
Looking to get a Colorado small business loan? This Colorado entrepreneur got a small business loan, provided by an Ohio bank that works with the SBA to help small business owners.
You can learn something about getting a small business loan in Derby, Colorado by studying this loan to a local company, made back in 2000. Banks like U.S. Bank National Association may also be willing to lend to you, given that they granted this small business loan.
SBA Loan Borrower
COMPANY TYPE: BOOKBINDING AND RELATED WORK
DERBY, CO 80221
SBA Loan Lender
U.S. BANK NATIONAL ASSOCIATION
425 WALNUT ST
CINCINNATI, OH 45202
Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
2789 - Bookbinding and Related Work
NAICS Code
323121 - Tradebinding and Related Work
Loan Approval Date
1/31/2000
Loan Approval Gross Amount
$777,500
Loan Approval from the SBA
Of the total $777,500 loan amount, the SBA guaranteed $583,125.
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 30 employees. The loan application indicated that the loan would help generate 16 new jobs and retain 14 existing jobs.
Next Steps for Getting an SBA Loan
SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.
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.
Related Links:
Startup Funding Tip
Find an SBA Lender in Cincinnati, Ohio
Ohio SBA Banks