Colorado SBA Loan Issued to Beauty Shops Company

SBA loans in Colorado are hard to find these days. We take a look at one Colorado SBA loan, provided by a Colorado bank, that was approved by the SBA.

Getting a small business loan in Grand Junction, Colorado was a top priority for this particular business back in 2001 and, based on their loan application, they were successful in getting an SBA loan from Bank Of Colorado. Here are the details on this Colorado small business loan.

SBA Loan Borrower

COMPANY TYPE: BEAUTY SHOPS
GRAND JUNCTION, CO 81505

SBA Loan Lender

BANK OF COLORADO
145 W 4TH ST
DELTA, CO 81416

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7231 - Beauty Shops

NAICS Code

446120 - Cosmetics, Beauty Supplies, and Perfume Stores

Loan Approval Date

2/26/2001

Loan Approval Gross Amount

$149,000

Loan Approval from the SBA

Of the total $149,000 loan amount, the SBA guaranteed $126,650.

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 4 employees. The SBA loan documents did not indicate that the small business promised to use the loan proceeds to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

If you need money to start a small business or already have a business and need money to expand, an SBA loan can be a great funding source

We can help you find the best banks for small businesses in Grand Junction or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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.

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