Grand Junction, Colorado Bank Gives SBA Loan to Communications Equipment Manufacturing Company

Thinking about meeting with a Grand Junction, Colorado bank about a small business loan? Here's one Colorado business loan, issued by a Grand Junction bank, that was approved by the SBA.

Applying for an SBA loan with Timberline Bank worked out well for our friends at one local company in Grand Junction, Colorado. They got an SBA loan for $572,532. Great job!

SBA Loan Borrower

COMPANY TYPE: COMMUNICATIONS EQUIPMENT MANUFACTURING
GRAND JUNCTION, CO 81502

SBA Loan Lender

TIMBERLINE BANK
2478 PATTERSON RD, UNIT 12
GRAND JUNCTION, CO 81505

This lender issued this business loan under the SBA's 7(a) guaranteed loan program, in which the SBA provides guaranteed loans to small business owners. This lending program began in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

334290 - Communications Equipment Manufacturing

Loan Approval Date

3/21/2007

Loan Approval Gross Amount

$572,532

Loan Approval from the SBA

Of the total $572,532 loan amount, the SBA guaranteed $429,399.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 30 employees. The SBA loan documents indicated that the loan would help retain 30 existing jobs.

Getting an SBA Loan For Your Business

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.

If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from Timberline Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

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Banks in Grand Junction, Colorado

SBA Lenders in Colorado