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January 8, 2025 |
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| Home > Small Business Lenders by State > Colorado Business Loan Sources > Grand Junction, Business Loans > American National Bank Grand Junction Business Loans > Business Services Loan | ||||
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Get SBA Loans from American National Bank
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Business Loan from American National Bank Given to Business Services CompanyAn SBA loan from American National Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Grand Junction, Colorado business owner got a $103,800 loan. This small firm received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with American National Bank, out of Grand Junction, Colorado. The loan was granted and they received $103,800 to help grow their Grand Junction, Colorado business. SBA Loan Borrower COMPANY TYPE: BUSINESS SERVICES SBA Loan Lender AMERICAN NATIONAL BANK This was a Low Documentation SBA loan. The SBA started this program to limit the paperwork associated with getting a loan . The low-doc program involves completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Right now, the maximum small business loan for this SBA program is $100,000. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7389 - Business Services NAICS Code 322231 - Die-Cut Paper and Paperboard Office Supplies Manufacturing Loan Approval Date 2/8/2001 Loan Approval Gross Amount $103,800 Loan Approval from the SBA Of the total $103,800 loan amount, the SBA guaranteed $88,230. 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. The SBA loan documents did not indicate that the business planned to use the money to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses. This SBA loan was for $103,800. How would you spend $103,800 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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: SBA Approved Banks in Grand Junction, Colorado
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