Commercial Loans for Administrative Management and General Management Consulting Services
With these commercial loans for administrative management and general management consulting services, the SBA guarantees the lender that the loan will be repaid. This administrative management and general management consulting services loan for $50,000 was given to a Colorado entrepreneur in 2008.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Frederick, Colorado was able to borrow $50,000 from Capital One Bank (usa). The SBA made the loan possible by guaranteeing $25,000 of this Colorado small business loan.
SBA Loan Borrower
COMPANY TYPE: ADMINISTRATIVE MANAGEMENT AND GENERAL MANAGEMENT CONSULTING SERVICES
FREDERICK, CO 80504
SBA Loan Lender
CAPITAL ONE BANK (USA)
4851 COX RD
GLEN ALLEN, VA 23060
The lender provided this SBA loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.
SBA Loan Program Type
This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.
NAICS Code
541611 - Administrative Management and General Management Consulting Services
Loan Approval Date
1/4/2008
Loan Approval Gross Amount
$50,000
Loan Approval from the SBA
Of the total $50,000 loan amount, the SBA guaranteed $25,000.
More Information on This SBA Loan
The borrower borrowed this money for an existing 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 only one employee. This SBA loan request indicated that the loan would help retain 1 existing job.
Getting an SBA Loan For Your Business
Every year, the SBA guarantees over $10 billion for loans just like this one.
Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Capital One Bank (usa) that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).
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:
Financing Your Business
Best Banks for Small Business in Glen Allen, Virginia
SBA Participating Banks in Virginia