Bank Loans for Land Subdivision

Looking for bank loans for land subdivision? The SBA may be the answer. This $1,000,000 land subdivision loan was issued by a Colorado bank.

This company knew how to go about getting a business bank loan. Based in Franktown, Colorado, they applied for and were awarded an SBA-guaranteed loan in 2004. The lending bank was Commercial Savings Bank, based in Englewood, Colorado.

SBA Loan Borrower

COMPANY TYPE: LAND SUBDIVISION
FRANKTOWN, CO 80116

SBA Loan Lender

COMMERCIAL SAVINGS BANK
8480 E ORCHARD RD, STE 1400
ENGLEWOOD, CO 80111

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide SBA loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

237210 - Land Subdivision

Loan Approval Date

6/18/2004

Loan Approval Gross Amount

$1,000,000

Loan Approval from the SBA

Of the total $1,000,000 loan amount, the SBA guaranteed $750,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 21 employees. This SBA loan request did not indicate that the company promised to use the money to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

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:

Angel Investors

Small Bank Loans in Englewood, Colorado

Getting an SBA Loan in Colorado