Loan Census Banking News and Information
December 18, 2024  
 
 
  Business Loan Information  
 

Small Business Banks for Englewood, Colorado Small Business Owners

 

 
Loan Census SBA Loan Info

Englewood, Colorado Entrepreneur Gets a Small Business Loan

ColoradoBusiness loans are available to Colorado business owners through the SBA. In this case, an Ohio bank provides the loan.

This business, based in Englewood, Colorado, offers a good example of how small businesses get financed. Taking advantage of the SBA's guaranteed loan program, they were able to get a loan from Key Direct, A Branch Of. We've got the inside scoop on this Colorado small business loan.

SBA Loan Borrower

COMPANY TYPE: JANITORIAL SERVICES
ENGLEWOOD, CO 80112

SBA Loan Lender

KEY DIRECT, A BRANCH OF
4910 TIEDEMAN RD, OH-01-51-06
BROOKLYN, OH 44144

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

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

561720 - Janitorial Services

Loan Approval Date

4/19/2002

Loan Approval Gross Amount

$260,000

Loan Approval from the SBA

Of the total $260,000 loan amount, the SBA guaranteed $195,000.

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 4 employees. This SBA loan request did not indicate that the company promised to use the loan proceeds to hire new employees or retain any existing employees.

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

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $260,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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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