Highway and Street Construction Loans

With these loans for highway and street construction, the SBA guarantees the lender that the loan will be repaid. This highway and street construction loan for $245,293 was given to a Colorado entrepreneur in 2004.

Getting a small business loan in Erie, Colorado was important for this company back in 2004 and, based on their loan application, they were successful in getting an SBA loan from Bank Of Choice-Colorado, operating out of Arvada, Colorado. Here are the details on this Colorado small business loan.

SBA Loan Borrower

COMPANY TYPE: HIGHWAY AND STREET CONSTRUCTION
ERIE, CO 80516

SBA Loan Lender

BANK OF CHOICE-COLORADO
7530 GRANDVIEW AVE
ARVADA, CO 80002

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 SBA bank loans to to our country's hard-working small business owners.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

234110 - Highway and Street Construction

Loan Approval Date

1/20/2004

Loan Approval Gross Amount

$245,293

Loan Approval from the SBA

Of the total $245,293 loan amount, the SBA guaranteed $183,970.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 only one employee. The SBA loan documents did not indicate that the company planned to use the money to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

If you need money to start a small business or need money for an existing business, an SBA loan can be a great source of funding.

While you may be able to borrow money from friends and family, 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:

Financing Your Business

Small Business Banks in Arvada, Colorado

Colorado SBA 7A Lenders