Loans for Musical Instrument and Supplies Stores

Looking for loans for musical instrument and supplies stores? Talk to a banker who works with the SBA. This $306,500 musical instrument and supplies stores loan was issued by a Colorado bank.

Getting a small business loan in Fort Collins, Colorado was important for this company back in 2002 and, based on their loan application, they were successful in getting an SBA loan from Wells Fargo Bank, operating out of Denver, Colorado. Here are the details on this Colorado small business loan.

SBA Loan Borrower

COMPANY TYPE: MUSICAL INSTRUMENT AND SUPPLIES STORES
FORT COLLINS, CO 80525

SBA Loan Lender

WELLS FARGO BANK
1740 BROADWAY
DENVER, CO 80290

This lender provides SBA guaranteed bank loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

451140 - Musical Instrument and Supplies Stores

Loan Approval Date

8/21/2002

Loan Approval Gross Amount

$306,500

Loan Approval from the SBA

Of the total $306,500 loan amount, the SBA guaranteed $229,875.

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 indicated that the loan would help generate 1 new job and retain 6 existing jobs.

Getting an SBA Loan For Your Business

If you are raising money in Fort Collins CO, you ought to talk with a local Fort Collins SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Fort Collins businesses.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Wells Fargo Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Wells Fargo Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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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SBA Participating Banks in Denver, Colorado

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