Financing for Plumbing, Heating, and Air Conditioning Contractors

Looking for commercial loans for plumbing, heating, and air conditioning contractors? An SBA loan may be just what you've been looking for. This $873,000 plumbing, heating, and air conditioning contractors loan was issued by a Colorado bank.

This small business received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with Premier Bank, out of Denver, Colorado. The loan was granted and they received $873,000 to help grow their Eagle, Colorado business.

SBA Loan Borrower

COMPANY TYPE: PLUMBING, HEATING, AND AIR CONDITIONING CONTRACTORS
EAGLE, CO 81631

SBA Loan Lender

PREMIER BANK
1630 STOUT ST
DENVER, CO 80202

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

235110 - Plumbing, Heating, and Air Conditioning Contractors

Loan Approval Date

4/3/2001

Loan Approval Gross Amount

$873,000

Loan Approval from the SBA

Of the total $873,000 loan amount, the SBA guaranteed $654,750.

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 50 employees. The loan application indicated that the borrowed money would help generate 10 new jobs.

Getting an SBA Loan For Your Business

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower.

Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today!

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:

Getting a Small Business Loan

Who Lends Money to Small Businesses in Denver, Colorado

Where to Get an SBA Loan Colorado