Bank Of Choice-Colorado Gives Business Loan to Frozen Specialty Food Manufacturing Company

ColoradoSBA loans are available to Colorado entrepreneurs through the SBA. In this case, a Colorado bank provides the loan.

Getting a small business loan in Federal Heights, Colorado was a top priority for this particular business back in 2004 and, based on their loan application, they were successful in getting an SBA loan from Bank Of Choice-Colorado. Here are the details on this Colorado small business loan.

SBA Loan Borrower

COMPANY TYPE: FROZEN SPECIALTY FOOD MANUFACTURING
FEDERAL HEIGHTS, CO 80260

SBA Loan Lender

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

This lender issued this particular SBA bank loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

311412 - Frozen Specialty Food Manufacturing

Loan Approval Date

8/12/2004

Loan Approval Gross Amount

$100,000

Loan Approval from the SBA

Of the total $100,000 loan amount, the SBA guaranteed $85,000.

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 10 employees. The SBA loan documents did not indicate that the small business promised to use the loan proceeds to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

Many small businesses receive loans backed by the U.S. Small Business Administration.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Bank Of Choice-Colorado and they will explain how you can get an SBA loan for your company.

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:

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