Englewood, Colorado Entrepreneur Gets a Small Business Loan

Would a Colorado small business loan help your small business to grow and prosper? If so, you may want to talk with this Colorado bank, which offers SBA loans to Colorado entrepreneurs.

Getting a small business loan in Englewood, Colorado was a top priority for this small company back in 2007 and, based on their loan application, they were successful in getting an SBA loan from First Community Bank. Here are the details on this Colorado small business loan.

SBA Loan Borrower

COMPANY TYPE: LANDSCAPING SERVICES
ENGLEWOOD, CO 80110

SBA Loan Lender

FIRST COMMUNITY BANK
1109 W LITTLETON BLVD
LITTLETON, CO 80120

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide commercial loans to to entrepreneurs who might have trouble getting a conventional bank loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

561730 - Landscaping Services

Loan Approval Date

10/22/2007

Loan Approval Gross Amount

$250,000

Loan Approval from the SBA

Of the total $250,000 loan amount, the SBA guaranteed $187,500.

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

Next Steps for Getting an SBA Loan

If you are interested in getting money to start a business or already have a business and need money to expand, an SBA loan can be a great funding source

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like First Community Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

Advice on Getting a Small Business Loan

SBA Approved Banks in Littleton, Colorado

Colorado SBA Bank Lenders