Evergreen National Bank SBA Loan to Furniture Company

Want a Colorado small business loan? Here's one Colorado business loan that was approved by the SBA.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Evergreen, Colorado was able to borrow $150,000 from Evergreen National Bank. The SBA made the loan possible by guaranteeing $112,500 of this Colorado small business loan.

SBA Loan Borrower

COMPANY TYPE: FURNITURE
EVERGREEN, CO 80437

SBA Loan Lender

EVERGREEN NATIONAL BANK
28145 HWY 74
EVERGREEN, CO 80437

This was a Low Documentation SBA loan. The SBA launched this program to minimize the paperwork associated with borrowing money. The low-doc program is quick, requiring completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Right now, the maximum small business loan for this SBA program is $100,000.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5021 - Furniture

Loan Approval Date

3/30/2000

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $112,500.

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 10 employees. This SBA loan request did not indicate that the small business planned to use the funding to add employees or retain any existing employees.

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

If you are wondering how to raise money for a company in Evergreen CO, you ought to talk with a local Evergreen SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Evergreen businesses.

We've showcased information on this loan to let you know that businesses like yours 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.

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