Small Business Loans for Engineering Services

Looking for small business loans for engineering services? The SBA may be the answer. This $396,736 engineering services loan was issued by a Colorado bank.

This small firm received financial assistance through the SBA's lending programs back in 2007. They applied for an SBA loan with First Colorado National Bank, out of Paonia, Colorado. The loan was granted and they received $396,736 to help grow their Englewood, Colorado business.

SBA Loan Borrower

COMPANY TYPE: ENGINEERING SERVICES
ENGLEWOOD, CO 80122

SBA Loan Lender

FIRST COLORADO NATIONAL BANK
2ND & GRAND AVE
PAONIA, CO 81428

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This loan for a small business was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

541330 - Engineering Services

Loan Approval Date

11/6/2007

Loan Approval Gross Amount

$396,736

Loan Approval from the SBA

Of the total $396,736 loan amount, the SBA guaranteed $297,552.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 11 employees. The SBA loan documents indicated that the loan would help retain 11 existing jobs.

Getting an SBA Loan For Your Business

Every year, the SBA guarantees over $10 billion for loans just like this one.

While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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:

Bank Credit Lines

SBA Participating Banks in Paonia, Colorado

Getting an SBA Loan in Colorado