Continuing Care Retirement Communities SBA Loans

Looking for SBA loans for continuing care retirement communities? The SBA may be the answer. This $1,094,700 continuing care retirement communities loan was issued by a Colorado bank.

This small business knew how to go about getting a business bank loan. Based in Fair Oaks, California, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was Premier Bank, based in Denver, Colorado.

SBA Loan Borrower

COMPANY TYPE: SKILLED NURSING CARE FACILITIES
FAIR OAKS, CA 95628

SBA Loan Lender

PREMIER BANK
1630 STOUT ST
DENVER, CO 80202

This lender issued this loan under the SBA 7A lending program , in which the SBA provides guaranteed loans to small business owners. This lending program was started in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

8051 - Skilled Nursing Care Facilities

NAICS Code

623311 - Continuing Care Retirement Communities

Loan Approval Date

2/23/2005

Loan Approval Gross Amount

$1,094,700

Loan Approval from the SBA

Of the total $1,094,700 loan amount, the SBA guaranteed $821,025.

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 20 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the money to hire new employees or retain any existing employees.

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

SBA loans provide smart, affordable business financing for small businesses looking to expand.

We can help you find the best banks for small businesses in Fair Oaks or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

The Friends and Family Network

Best Banks for Small Business in Denver, Colorado

SBA Participating Banks in Colorado