Testing Laboratories Bank Loans

With these bank loans for testing laboratories, the SBA guarantees the lender that the loan will be repaid. This testing laboratories loan for $581,500 was given to a Colorado entrepreneur in 2004.

This company knew how to go about getting a business bank loan. Based in Ft Collins, Colorado, they applied for and were awarded an SBA-guaranteed loan in 2004. The lending bank was First National Bank, based in Fort Collins, Colorado.

SBA Loan Borrower

COMPANY TYPE: TESTING LABORATORIES
FT COLLINS, CO 80521

SBA Loan Lender

FIRST NATIONAL BANK
205 W OAK ST
FORT COLLINS, CO 80521

This loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

541380 - Testing Laboratories

Loan Approval Date

1/5/2004

Loan Approval Gross Amount

$581,500

Loan Approval from the SBA

Of the total $581,500 loan amount, the SBA guaranteed $436,125.

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 only one employee. This SBA loan request did not indicate that the SBA funding recipient promised to use the funding to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

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:

Business Credit Evaluation

Best Banks for Small Business in Fort Collins, Colorado

Find an SBA Lender in Colorado