Colorado SBA Loan Issued to Car Washes Company
Business loans in Colorado are are few and far betweeen these days. We take a look at one Colorado business loan, provided by a Colorado bank, that was approved by the SBA.
By giving the right information to Premier Bank, this Fort Collins, Colorado business was able to get an SBA loan. To get this loan, the business owner 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: CAR WASHES
FORT COLLINS, CO 80526
SBA Loan Lender
PREMIER BANK
1630 STOUT ST
DENVER, CO 80202
This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
811192 - Car Washes
Loan Approval Date
7/17/2002
Loan Approval Gross Amount
$1,111,300
Loan Approval from the SBA
Of the total $1,111,300 loan amount, the SBA guaranteed $833,475.
More Information on This SBA Loan
The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company
had only one employee. This SBA loan request indicated that the borrowed money would help create 2 new jobs.
Getting an SBA Loan For Your Business
SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.
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 Premier Bank 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:
Business Line of Credit
Where to Get an SBA Loan in Denver, Colorado
Colorado SBA 7A Lenders