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November 15, 2024 |
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| Home > Small Business Lenders by State > Colorado Business Loan Sources > Leadville, Business Loans > Peoples National Bank Leadville Leadville Business Loans > Engineering Services Loan | ||||
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Fairplay, Colorado Bank for SBA Loans
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Fairplay, Colorado Entrepreneur Gets a Small Business LoanColoradoSmall business loans are available to Colorado small business owners through the SBA. In this case, a Colorado bank provides the loan. By giving the right information to Peoples National Bank Leadville, this Fairplay, Colorado business was able to get an SBA loan. To get this loan, the loan applicant gave the lending institution and the SBA a clear description of what the loan proceeds would be used for and how they intended to pay the loan back. SBA Loan Borrower COMPANY TYPE: ENGINEERING SERVICES SBA Loan Lender PEOPLES NATIONAL BANK LEADVILLE This commercial loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 8711 - Engineering Services NAICS Code 541330 - Engineering Services Loan Approval Date 12/9/2002 Loan Approval Gross Amount $373,571 Loan Approval from the SBA Of the total $373,571 loan amount, the SBA guaranteed $280,178. 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 5 employees. The SBA loan documents did not indicate that the business promised to use the loan proceeds to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans provide money to small business owners for working capital for other expenses. This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. 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: SBA 7A Banks for Leadville, Colorado Loans
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